Stock Information

ACR | ALSONS CONSOLIDATED RESOURCES, INC.

Sector: INDUSTRIAL | Sub-Sector: ELEC., ENERGY, POWER & WATER

Alsons Consolidated Resources, Inc. (ACR) was incorporated on December 24, 1974 as Victoria Gold Mining Corporation to engage the exploration of oil, petroleum, and other mineral products. In June 1995, adopted its present name to mark the entry of the Alcantara Group (AG). Following this change, AG redefined its primary purpose to that of an investment holding company, with oil exploration as secondary purpose. On October 10, 1996, ACR completed its reorganization through a series of stock swap transactions, and as a result, some of the AG's established businesses became majority- or minority-owned subsidiaries of ACR.

ACR's core businesses, conducted through its subsidiaries and associates, are primarily focused in the following key sectors: energy and power, property development, and other investments. The Company's investment in the energy and power business is facilitated through four holding firms, namely, Conal Holdings Corporation, Alsing Power Holdings, Inc., Alsons Renewable Energy Corporation, and Alsons Thermal Energy Corporation. ACR also operates four power generation subsidiaries in Mindanao.

The Company is also engaged in property development through its subsidiary, Alsons Land Corporation. In terms of other investments, ACR is involved in the mining sector through ACR Mining Corporation.

Source: SEC Form 17-A (2024)