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The Company's Business Operations
STI Holdings (the "Parent Company") is the holding
company within the Tanco Group that drives investment in its education
business. It is a publicly-listed company in the Philippine Stock Exchange and
its registered address and principal place of business is 7th Floor STI Holdings Center, 6764 Ayala Avenue, Makati City.
STI Holdings, being a holding company, derives its revenues from
dividends declared by its subsidiaries and interest income on short-term
placements. It also derives income from business advisory services it provides
to the subsidiaries.
STI Holdings has five subsidiaries,
namely: STI Education Services Group, Inc. ("STI ESG"), STI West
Negros University, Inc. ("STI WNU"), iACADEMY, Inc.
("iACADEMY"), Philippine School of
Business Administration-Manila, Inc. and Attenborough Holdings
Corporation ("AHC").
STI ESG and
its subsidiaries, as educational institutions, derive their main revenues from
tuition and other school fees from owned schools and royalties and other fees
for various educational services provided to franchised schools.
STI ESG's college campuses offer associate/baccalaureate degrees
and technical/vocational programs in Information and Communications Technology
("ICT"), arts and sciences, business management, accountancy, education,
engineering, hospitality management, tourism management, psychology and
criminology. These programs are accredited by the Commission on Higher
Education ("CHED") and/or the Technical Education and Skills
Development Authority ("TESDA"), as may be applicable. The education
centers of STI ESG offer technical-vocational courses for information
technology, multimedia arts, hospitality and restaurant services, culinary, and
tourism and events management, among others. The programs in the education
centers are accredited by TESDA. The STI ESG network has also been granted
DepEd permit to offer Senior High School ("SHS") while
select schools in the network offer Junior High School (“JHS”).
STI ESG's network of schools includes 63 schools with 37 owned
schools and 26 franchised schools comprising of 60 colleges and 3 education
centers.
In recent years, STI ESG embarked on expansion and capital
improvement projects as it encouraged schools to move from rented space into
school-owned stand-alone campuses. Likewise, several franchised schools started
their own facilities expansion programs. To
date, STI ESG maintains a substantial physical network: 22 wholly-owned
campuses feature newly constructed or renovated buildings, while 10 franchised
schools have also constructed or renovated their own facilities and upgraded
their infrastructure.
STI ESG has a total student capacity of students 159,569,
with 112,119 pertaining to owned schools and 47,450 for franchised schools.
STI
WNU offers primary, junior and senior
high school, tertiary and post-graduate courses. Tertiary courses include
Engineering, Education, Criminology, Business courses such as Accountancy,
Management Accounting, Business Administration, Retail Technology and Consumer
Science, Hospitality and Tourism Management, Arts and Sciences, Psychology and
ICT. STI WNU also has permits to provide technical-vocational education
training services under the Technical Education and Skills Development
Authority (TESDA). Post-graduate programs include Master’s degrees in Business
Administration, Public Administration and Education, and Doctorate degrees in
Business Administration, Public Administration and Educational Management. The
entire campus of STI WNU has facilities that can accommodate 18,000 students.
On
September 16, 2024, CHED granted Autonomous status to STI WNU by virtue of CHED
Memorandum No. 7 Series of 2024. Autonomous schools have the freedom to open
new programs without securing prior approval from CHED, priority in the grant
of subsidies and other financial incentives from CHED, and exemption from
regular CHED monitoring and evaluation and issuance of Special Order for their
graduates, among other benefits.
iACADEMY is a premier school offering specialized
programs in SHS and college that are centered on Computing, Business and
Design. It is known for its strong industry partnerships and non-traditional
programs such as Software Engineering, Game Development, Web Development, Real
Estate Management, Animation, Multimedia Arts and Design, Fashion Design and
Technology, Music Production and Sound Design, Film and Visual Effects, Data
Science, and Cloud Computing. iACADEMY also offers programs in Accountancy, Marketing
Management, Psychology and Digital Media Management.
iACADEMY
is a wholly-owned subsidiary of STI Holdings which operates two campuses equipped with specialized
facilities, multimedia arts laboratories and computer suites. The Nexus campus
in Makati City has a total capacity of 3,755 students while the Cebu campus in
Lahug, Cebu City can accommodate up to 500 students.
Philippine School of Business Administration-Manila, Inc. (formerly STI College Novaliches, Inc.) became a subsidiary of STI Holdings by virtue of the subscription agreement executed in June 2024 between STI Holdings and Philippine School of
Business Administration-Manila, Inc., and the Securities and Exchange Commission (SEC)
approval of the increase in the authorized capital stock, from where the subscribed
shares would be taken, of Philippine School of Business Administration-Manila, Inc. in January
2025.
STI Holdings contributed ₱75.0 million to the ₱300.0 million increase in the authorized capital stock of Philippine School of Business
Administration Manila, Inc. in June 2024. The SECapproved the increase in the authorized capital stock in
January 2025, thus making STI Holdings the owner of 93.75% of the outstanding capital
stock of Philippine School of Business Administration-Manila, Inc. STI ESG owns the remaining
6.25%.
