Two iPeople Schools to Unite Under National Teachers College
The Merger of AC College and National Teachers College
MANILA, Philippines — A significant development has taken place in the education sector as the listed education joint venture between the Yuchengco Group and Ayala Corp. has merged two prominent educational institutions: AC College of Enterprises and Technologies Inc. (ACCET) and National Teachers College (NTC). In this merger, NTC will be the surviving corporation.
According to a stock exchange filing by iPeople Inc., the merger became effective on October 28 after receiving approval from the Securities and Exchange Commission and the issuance of the certificate of filing of the articles and plan of merger. This marks a major step forward for the two institutions, which are now united under one entity.
Assets and Liabilities Transfer
Under the terms of the merger, all assets and liabilities of ACCET will be transferred to and absorbed by NTC. This move is expected to streamline operations and enhance the overall academic offerings of the combined institution. The integration of ACCET into NTC is anticipated to bring about greater efficiency and better resource allocation.
Growth of National Teachers College
National Teachers College, which was established in 1928 and is located in the University Belt in Manila, has seen substantial growth since its acquisition by iPeople in 2019. As part of its expansion strategy, iPeople has been actively working to increase the reach of NTC beyond Metro Manila.
Last year, iPeople announced plans to bring NTC to areas outside of Metro Manila in response to the growing demand for quality education. One of the key locations for this expansion is Bulacan, where the institution aims to provide accessible and high-quality education to more Filipinos.
iPeople's Role in Education
iPeople Inc. serves as a holding company under House of Investments Inc. of the Yuchengco Group of Companies and Ayala. Its primary focus is on investments in the education sector, with a vision to contribute to the development of the country’s human capital through quality educational programs.
The merger of ACCET and NTC represents a strategic move to strengthen the educational landscape in the Philippines. By combining their resources and expertise, the new entity is well-positioned to meet the evolving needs of students and educators alike.
Future Plans and Expansion
As iPeople continues to expand its presence in the education sector, the merger of ACCET and NTC is just the beginning. With a clear mission to bring quality education to more Filipinos, the company is likely to explore further opportunities for growth and innovation.
This development not only highlights the commitment of iPeople to the education sector but also underscores the importance of collaboration between leading business groups in driving progress and excellence in education.
