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THE education unit of Phinma Corp. is expanding its global footprint with a plan to acquire more schools in the country and enter new territories abroad.
PHINMA Corp. said Friday that its education subsidiary acquired a controlling stake in The Republican College, Inc. and made new investments in the acquisition to buy “essential” properties.
PHINMA Corp. said its cement unit is buying the port facilities and land at its Bataan cement processing terminal for P800 million.
PHINMA CORP. is investing $50 million into a unit of Vietnamese cement manufacturer Vissai to finance the expansion of its cement plant.
PHINMA Corp. said on Friday that a private equity fund and the Asian Development Bank (ADB) are investing P1.625 billion in its education subsidiary, giving the investors board representation in the unit.
THE Phinma Group said the proceeds from a recent transaction with Ayala Corp. will help materialize this year its push to expand its education business in Southeast Asia while also beef up the company’s construction business.