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AbaCore Capital Holdings, Inc.

Company Description
AbaCore Capital Holdings, Inc. (ABA) was originally incorporated on April 30, 1981 as Piedra Negra Mining Corporation, a coal mining company. In 1989, the Company changed its name to Abacus Consolidated Resources and Holdings, Inc. and subsequently changed its primary purpose from a mining firm to that of a holding company. On October 18, 2013, the Securities and Exchange Commission approved the change in corporate name to the present one.

ABA owns a controlling interest in companies engaged in financial services, real estate, gold mining, and coal mining. The Company has a 4.89% stake in Pacific Online Systems Corporation, a company that holds an exclusive right to lease online lottery equipment for the lotto operations of the Philippine Charity Sweepstakes Office in Visayas and Mindanao.

ABA also owns 100% controlling interest in Philippine Regional Investment Development Corporation (PRIDE), which is mostly engaged in arranging project financing for a variety of real estate, logistics and infrastructure projects. ABA's real estate activities are lodged mainly under Omnicor Industrial Estate and Realty Center, Inc., a wholly-owned real estate subsidiary of PRIDE.

On the mining business, ABA holds 102 gold mining claims in San Francisco and Rosario, Agusan Del Sur and Barobo, Surigao Del Sur. The Company assigned its gold mining rights to its direct subsidiary, Abacus Goldmines Exploration and Development Corporation. ABA also spun off its coal mining rights per its coal operating contract with the Department of Energy to Abacus Coal Exploration and Development Corporation, a wholly-owned subsidiary of the Company.

Source: SEC Form 17-A (2021)
Security Information
Sector Holding Firms
Subsector Holding Firms
Corporate Life 50
Incorporation Date May 05, 1981
Number of Directors 15
Stockholders' Meeting as per By-Laws July - 2nd Thursday
Fiscal Year 12/31 (Month/Day)
External Auditor Valdes Abad & Company, CPAs
Transfer Agent Fidelity Stock Transfers, Inc.
Contact Information
Business Address No. 28 N. Domingo St. near corner Gilmore St., New Manila, Quezon City
E-mail Address [email protected]
Telephone Number 724-5055; 724-3759
Fax Number 724-3290