Primex ventures into mass housing
Primex Corp. has incorporated a wholly-owned subsidiary that will undertake mass housing projects.
In a stock exchange filing, Primex said it subscribed to 41.958 million shares of the newly-formed unit Primex Housing Development Corp. at P1 each.
Primex is primarily engaged in the development of upscale residential projects. Its projects include Goldendale Village located in Malabon, and The Richdale, situated along Sumulong Highway, Antipolo City.
The company has also completed the development of Goldendale II, a 4.6-hectare mixed-use project and Tresor Residences, a mid-rise residential condominium located in Malabon City.
Its other properties are located in Annapolis, Greenhills; National Highway Tagaytay City; Meycauayan, Bulacan; Richdale Subdivision, and Goldendale Village.