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Wellex Industries, Incorporated

Company Description
Wellex Industries, Inc. (WIN) was originally incorporated on October 19, 1956 as Republic Resources and Development Corporation to primarily engage in the business of mining and oil exploration. Beset by difficulties experienced by the oil and mining industries during the 1980s, the Company's pursuit of activities to revitalize itself led to the entry of The Wellex Group, Inc. in 1994. The Company was subsequently transformed into a holding company for manufacturing concerns, and changed its name to the present one on September 18, 1997.

On November 20, 2008, the Board and stockholders of WIN approved the amendment of the Company's primary purpose to employment of capital for the purpose of assisting mining enterprises. The Company's secondary purpose, however, remains for operation of all types of business enterprises, such as property holding and development, management, manufacturing, investments and other business. The Securities and Exchange Commission approved the amendment on April 3, 2009.

The Company has one subsidiary, Plastic City Industrial Corporation (PCIC). The Company ceased to have control over its previous subsidiary, Philfoods Asia, Inc., after it sold its full interest on the said company last February 10, 2016. PCIC has ceased operations but PCIC subsidiaries have leased out its warehouse/building facilities.

Source: SEC Form 17-A (2016)
Security Information
Sector Holding Firms
Subsector Holding Firms
Corporate Life 50
Incorporation Date Oct 19, 1956
Number of Directors 11
Stockholders' Meeting as per By-Laws April - any day at 4 pm
Fiscal Year 12/31 (Month/Day)
External Auditor Diaz, Murillo, Dalupan & Co.
Transfer Agent Banco de Oro Unibank, Inc. - Trust Banking Group
Contact Information
Business Address 35th Floor, One Corporate center, Dona Julia Vargas Avenue corner Meralco Avenue, Ortigas Center, Pasig City, Metro Manila
E-mail Address info@ccplaw.com.ph
Telephone Number (02) 706-7888
Fax Number (02) 706-5980
Website