Company Overview

Abacus Consolidated Resources and Holdings, Inc. is a holding company whose shares are listed and traded in the Philippine Stock Exchange (trading symbol: ABA).

Abacus was incorporated in 1981 as Piedra Negra Mining Corporation, a coal mining company, and publicly listed its shares on October 28, 1987.

In 1989 a group of businessmen led by Hermilando "Dodo" Mandanas bought out the original majority stockholders, converted the company into a holding company, and gave it its present name.

In 1993 Abacus expanded into the leasing of gaming equipment and formed Pacific Online Systems Corporation together with two other partners. On June 26, 2005 Abacus completed the acquisition of its real estate and financial services businesses through the acquisition of Philippine Regional Investment Development corporation via a stock swap.

At present, Abacus has interests in the leasing of gaming equipment, gold and coal mining, real estate and financial services.