The boards of the National Teachers College and Affordable Private Education Center Schools, or APEC, have approved the merger of the educational institutions, with NTC as the surviving entity.
iPeople is a publicly listed holding company which invests in the education sector, and is under the House of Investments , the listed holding company of the Yuchengco Group and Ayala Corp. HI and Ayala own 51 percent and 33.5 percent of iPeople, respectively. NTC was founded in 1928 and was the Philippines’s first higher education institution to offer collegiate programs dedicated to teacher education. It is a leader in the field of teacher education and its performance in the Licensure Examination for Teachers has consistently been above the national passing rate.
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NTC to absorb APEC in merger involving over 24,000 studentsAyala 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:
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