STI seeks to foreclose PWU Davao property

STI Education Systems Holdings Inc. has filed another petition for foreclosure, this time on a third property of the Benitez-owned Philippine Women’s University (PWU) in Davao City.

In a disclosure to the stock exchange, STI said the company -- together with its wholly owned unit, Attenborough Holdings Corp. (AHC) -- has sought another measure from the Regional Trial Court of Davao City to foreclose on parcels of land in Davao registered under the name Unlad Resources Development Corp., a sister company of non-stock PWU.