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Phinma Corporation
#21
...binili na St. Jude

Acquisition of St. Jude College, Inc. by PHINMA Education Holdings, Inc.

PHINMA Education Holdings, Inc., a wholly-owned subsidiary of PHINMA Corporation, signed a Share Purchase Agreement today for the purchase of 57,347 shares in St. Jude College, Inc. constituting 95.6% of the issued and outstanding shares of said school, for Php 370.2 million. The transaction also closed today. 

St Jude College, which is located in Manila, started as a School of Nursing in 1968 and is today a full service educational institution serving 3,050 students in basic education, college, and graduate school programs.

Known mainly for tertiary allied health science courses, it also offers programs in business, education, information technology, and hospitality.


source: http://edge.pse.com.ph/openDiscViewer.do...KrkWJ.dpbs
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#22
...more details

Phinma buys St. Jude College for P370 million

PHINMA Corporation on Wednesday said its subsidiary acquired a majority stake in the company behind St. Jude College in Manila.

In a disclosure to the stock exchange, the listed company said Phinma Education Holdings, Inc. inked a share purchase agreement to buy 57,347 shares, representing 95.6%, in St. Jude College, Inc. Phinma said the transaction was valued at P370.2 million.

“The corresponding deeds of absolute sale were executed today and the transfer will be recorded in the books of St. Jude College upon issuance of the appropriate tax clearances,” the company said.

St. Jude College was established in 1968 as a School of Nursing, but is now a full service educational institution. It has 3,050 students enrolled in basic education, college, and graduate school programs. It offers courses in allied health sciences, business, education, information technology, and hospitality.

For the first nine months of 2017, Phinma Education reported its consolidated revenues were flat at P1.5 billion. Systemwide student enrollment went up by 8% to 58,837 for School Year 2017-2018.

“However, the government’s K to 12 education reform program, which adds two more senior high school years, continued to adversely affect college freshman enrollment in favor of senior high school enrollment, reducing the network average tuition per student. Operating expenses of the holding company also increased due to one-off business development expenses for local expansion and for setting up of operations abroad,” Phinma said in its third quarter report.


source: http://bworldonline.com/phinma-buys-st-j...0-million/
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