Ayala Education Unit to Merge with iPeople

Ayala Corp. (PSE: AC), AC Education Inc., House of Investments Inc. (PSE: HI), and iPeople inc. (PSE: IPO) signed the definitive agreements for the merger of AC Education with iPeople. The merger, which shall be completed as a statutory merger in accordance with Philippine law, shall be subject to the approval of the stockholders of […]
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Ayala Acquires NTC

AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), was selected as the winning bidder of the tender process conducted for the sale of shares of National Teachers College (NTC). A Share Purchase Agreement for approximately 96% of NTC’s shares has been executed by the parties. The acquisition remains subject to […]
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Ayala Proposes Merger of AC Education with iPeople

iPeople Inc. (PSE: IPO), the listed holding company for the education sector of House of Investments Inc. (PSE: HI), a member of the Yuchengco Group of Companies, and AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), have executed a Non-Binding term sheet for their potential merger. Under the Non-Binding term […]
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iPeople Declares Cash Dividends

Makati—(PHStocks)—iPeople Inc. (PSE: IPO) has declared a cash dividend of PhP0.06 per share or 6% cash dividend with a total amount of PhP44,935,993.26 from the company’s unrestricted retained earnings as of December 31, 2016 to the shareholders of record as of July 28, 2017. Payment date is on August 23, 2017. Related Articles:Ayala Education Unit […]
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iPeople On Track with 2017 Targets

Makati—(PHStocks)—iPeople Inc.’s (PSE: IPO) first quarter consolidated revenues dropped by 15% from PhP637 million in 2016 to PhP543 million in 2017. Consolidated net income also dropped by 35% to PhP147 million in 2017 from the PhP225 million posted in 2016. This is attributable to the significant drop in college freshmen enrollment as a result of […]
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PHStocks Exclusive: Top 50 Stock Price Gainers in December

Manila—(PHStocks)—The last month of the year saw realignment of investor portfolio amid the strong rallies over the previous weeks leading into the holidays. A Santa Claus rally was also observed, with the Philippine Stock Exchange index (PSEi) recovering losses to finish the last trading day of the year at 7,230.57, up by 0.62% or 44.25 […]
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PH Stocks Bounce Back

Manila—(PHStocks)—Local stocks recover on Friday, 28 November, as investor appetite returned after the sellout in the previous day due to profit taking and the lower-than-expected GDP crowth for the country. The Philippine Stock Exchange (PSE) index went up by 0.4% or 29 points to finish the month’s trading at 7,294.38. Most counters were back in […]
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PHStocks Week in Review: PH Stocks End Lower

Manila—(PHStocks)—Philippine stocks ended June’s first week of trading up by 1.73% from last week, which saw massive sell-off that drove the index down to 6,600 level. The benchmark Philippine Stock Exchange index (PSEi) closed the session at 6,762.62 today, 6 June, down by 0.14% or 9.82 points from the previous day’s session, but showing stability after […]
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