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First Abacus Financial Holdings Corporation

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Company Description
First Abacus Financial Holdings Corporation (FAF) traces its roots from Seven Seas Oil Exploration and Resources, Inc. (SSOERI), which was incorporated on February 15, 1994. The Company was primarily engaged in the business of oil exploration and development. On January 25, 1996, the Securities and Exchange Commission approved the Company's change in corporate name from SSOERI to its present name, including a change in primary purpose into a financial holding company.

FAF's first strategic corporate realignment move was the acquisition of Abacus Capital & Investment Corporation (ACIC), an operating investment house. The acquisition of ACIC also brought into FAF the subsidiaries of ACIC, namely, Abacus Securities Corporation (ASC) and Vista Holdings Corporation (VHC).

FAF, through its subsidiaries, is engaged in stockbroking activities, investment banking, real estate business, and other financial services. ACIC is primarily engaged in investment banking activities, management services, and treasury and other financial services. ASC is engaged in stock brokering services, while VHC is engaged in buying and leasing out condominium units but currently is not investing in any real estate property due to the market condition.

Source: SEC Form 17-A (2016)
Security Information
Sector Financials
Subsector Other Financial Institutions
Corporate Life 50
Incorporation Date Feb 15, 1994
Number of Directors 7
Stockholders' Meeting as per By-Laws September - 1st Thursday
Fiscal Year 12/31 (Month/Day)
External Auditor Punongbayan & Araullo
Transfer Agent Professional Stock Transfer, Inc.
Contact Information
Business Address 2904-A East Tower, PSE Centre, Exchange Road Ortigas Center, Pasig City
E-mail Address customerservice@abacus-sec.com
Telephone Number 625-7986/ 625-7987
Fax Number 634-0435/634-2105
Website http://www.firstabacusfinancial.com.ph