Abacus Consolidated Resources and Holdings, Inc. (ABA) was originally incorporated on April 30, 1981 as Piedra Negra Mining Corporation, a coal mining company, and publicly listed its shares in the Philippine Stock Exchange on October 28, 1987. In 1989, the company changed its name to Abacus Consolidated Resources & Holdings, Inc. and subsequently changed its primary purpose from a mining firm to that of a holding company. ABA owns a controlling interest in companies engaged in financial services, real estate, gold mining, and coal mining. It has a significant 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 a 96.4% 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 fully owned real estate subsidiary of PRIDE. On the mining business, ABA holds 102 gold mining claims in San Franciso and Rosario, Agusan del Sur. ABA has also spun off its coal mining rights with the Department of Energy to Abacus Coal Exploration and Development Corporation, a fully owned subsidiary. Source: SEC Form 17-A (2008)