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MANILA, Philippines — Listed property developer Primex Corp. is bullish on sustaining its growth momentum with the addition of former Monetary Board member and former Metrobank president Antonio Abacan Jr. as an independent director to its board.
Primex Corp., owned by business magnate Ernesto Ang, achieved profitability in the first quarter of the year despite the absence of any real estate sales.
PRIMEX Corp. said the office and commercial floors of its P5-billion Primex Tower in Greenhills will be ready for turnover by the third quarter this year as the building nears completion.
Property developer Primex Corp. has topped off the group’s P5-billion 50-story mixed-use building at the corner of Edsa and Connecticut Street, now the tallest skyscraper in the Greenhills area of San Juan City.
The eldest son of Primex Corp. (PRMX) chairman and president Ernesto O. Ang has boosted his personal stake in the real estate firm.
PRIMEX Development Corp. sold two hectares of its eight-hectare property in Naic, Cavite to community mall developer Walter Mart for P200 million, the company said in a statement on Thursday.
WalterMart, the community mall arm of the Sy family’s SM group, has acquired a portion of the 10-hectare Cavite property owned by the Ang family’s Primex Development.
The son of Primex chairman and president Ernesto O. Ang has been elected to the board of the P4.7 billion real estate company.
Listed property developer Primex Corp. remains bullish as it prepares to embark on the development of its project pipeline.
Publicly-listed Primex Corp. booked a record hike in profits in 2020 despite the harsh impact of the pandemic on real estate sales.