Phinma Corp, a holding firm owned by Oscar Hilado, has acquired a 56.83 percent stake in Southwestern University in Cebu City for P1.9 billion.
Phinma said in a disclosure to the stock exchange, it purchased 17,201 shares of SWU at P110,458 per share, which included properties such as the Sacred Heart Hospital and 240 hectares of land in Cebu.
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