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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IMI 2014 Net Income Reaches $29.1M

Laguna–(PHStocks)–Integrated Micro-Electronics Inc. (IMI), one of the leading worldwide providers of electronics manufacturing services (EMS) and power semiconductor assembly and test services, announced a 13 percent revenue growth to $844.5 million in 2014 from $745 million in 2013, outperforming EMS industry’s single-digit growth rate. The corresponding net income reached $29.1 million, almost thrice that of […]
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AF Consortium Gets PhP1.72B AFCS Project

Manila—(PHStocks)—The AF Consortium of conglomerates Metro Pacific Investments Corp. (PSE: MPI) and Ayala Corp. (PSE: AC), composed of AC Infrastructure Holdings Corporation, the infrastructure arm of Ayala, BPI Card Finance Corporation, Globe Telecom Inc. (PSE: GLO), Meralco Financial Services Corporation, MPIC and Smart Communications Inc., received by electronic mail a copy of the Notice of Award […]
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