The Benitez family and the STI Group led by Eusebio Tanco have parted ways after arriving at an amicable settlement, with the former agreeing to cede its properties to the latter to settle its indebtedness.
In a disclosure to the Philippine Stock Exchange, STI Education Systems Holdings Inc. said it is breaking up with the Benitez family, owner of the Philippine Women’s University (PWU), which used to be one of the country’s top finishing schools.
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