Company History

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

After a series of investments and divestments, ACR is now focusing on various businesses such as energy and power, property development, and product distribution. For the energy and power business, ACR has investments in two holding firms, namely, Conal Holdings Corporation and Alsing Power Holdings, Inc. ACR also has a wholly owned subsidiary, Alsons Power International Limited, a British Virgin Island-registered company which handles the development of the power plant projects of ACR. ACR's property development business is handled by its subsidiary, Alsons Land Corporation, which is primarily involved in the development of Eagle Ridge Golf and Residential Estate, and Lima Technology Center. ACR conducts its product distribution business through Market Developers, Inc, and its mining business through ACR Mining Corporation.