Wellex Industries, Inc. (WIN) Stock Price

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 commercial operations but PCIC subsidiaries have leased out its warehouse and building facilities. WIN is now focused on leasing out its warehouse facilities. Source: SEC Form 17-A (2022)