Primex Corporation was incorporated under the laws of the Republic of the Philippines and registered with the Securities and Exchange Commission on July 17, 1986. The Company is authorized to engage in the real estate business in all its aspects, to purchase, lease, or in any manner dispose of or deal with lands and other real property and interest therein. Primex Corporation maintains land banks situated in various prime locations for development of residential subdivisions, high-rise residential and office condominiums as well as master-planned housing units. The Company’s thrust in real estate development is geared towards consumers belonging to the upper-income brackets.