Ayala Corp. and iPeople Inc. said in separate disclosures to the stock exchange Monday the boards of directors of NTC and APEC approved the proposed merger, with NTC as the surviving entity. READ:
Ayala Corp. and iPeople Inc. said in separate disclosures to the stock exchange Monday the boards of directors of NTC and APEC approved the proposed merger, with NTC as the surviving entity.
Both schools are 100 percent-owned by iPeople, which in turn is 51-percent owned by Yuchengco’s House of Investments and 33-percent by Ayala Corp. “The planned merger will allow us to better achieve our goal of transforming lives through innovative education at affordable prices. Our high school students will benefit from the combination of NTC’s national reputation and 94-year track record of excellence in teaching, with APEC’s progressive teaching methods and focus on being educators of the digital future,” said Fred Ayala, chairman of both NTC and APEC.
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