There are no Current Post at this time STI Education Systems Holdings | News - Benitez Family, STI Group End Row Over PWU

Press Material / News

Home > Press Materials / News

 

Benitez Family, STI Group End Row Over PWU

2016-04-01

 

The Benitez family and the STI Group have announced that they have settled their differences through a dacion en pago arrangement of certain assets of Unlad Resources Development Corporation (“Unlad”).

 

The family, through Unlad, transferred its Quezon City and Davao properties to STI. Under the terms of the agreement, the Jose Abad Santos Memorial School (“JASMS”) will remain on the Quezon City campus along EDSA until the end of school year 2017 after which it will be moved to a new location.

 

Philippine Women’s University (“PWU”) will retain its Manila campuses on Taft Avenue and Indiana Street in Manila.

 

At the same time, STI representatives will resign from PWU, which will remain under the control of the Benitez family.

 

PWU President Dr. Francisco B. Benitez heralded the settlement as “a mandate to rebuild PWU and JASMS while remaining true to the educational legacy of our founders.”

 

He also disclosed that talks are underway to open new campuses outside Metro Manila in time for PWU’s centennial celebration in 2019.



                                                                                                                    ###

 

 

Loading

Recent Uploads

STI Holdings SEC Form 20-IS Preliminary Information Statement

SEC Filings - Form 20-IS (Information Statement)

STI Holdings SEC Form 20-IS Preliminary Information Statement_CR05768-2018

Other Disclosures - PSE Disclosures

STI Holdings SEC Form 17-C Nominations for Election of Board of Directors for the 26 Oct 2018 Annual Stockholders Meeting

SEC Filings - Form 17-C (Current Report)

STI Holdings SEC Form 17-C Nominations for Election of Board of Directors for the 26 Oct 2018 Annual Stockholders Meeting_PSE C05975-2018

Other Disclosures - PSE Disclosures

STI Holdings Report on the Number of Stockholders owning one board lot as of 31August 2018_PSE Ref No. 0029160-2018

Other Disclosures - PSE Disclosures

STI Holdings Foreign Ownership Report as of 31 August 2018_PSE Ref No. 0029177-2018

Other Disclosures - PSE Disclosures

STI Holdings SEC Form 17-C PR Full swing expansion pushes STI Holdings assets to grow to PHP16 B

SEC Filings - Form 17-C (Current Report)

STI Holdings SEC Form 17-C PR Full swing expansion pushes STI Holdings assets to grow to PHP16 B_PSE_C05641-2018

Other Disclosures - PSE Disclosures

STI Holdings SEC Form 17-Q For the Quarter Ended 30 June 2018_ with SEC Ack Receipt

SEC Filings - Form 17-Q (Quarterly Report)

STI Holdings SEC Form 17-Q For the Quarter Ended 30 June 2018_PSE CR05491-2018

Other Disclosures - PSE Disclosures