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 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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