Phinma takes over Southeastern Colleges for P690M

MANILA, Philippines – Conglomerate Phinma Corp. has expanded its education business after acquiring a majority stake in Pasay-based Southeastern Colleges, strengthening its presence in southern Metro Manila. In a regulatory filing on Monday, the Ramon del Rosario Jr.-led firm said its education unit, Phinma Education Holdings Inc., purchased 64,834 shares, equivalent to an 84.91-percent stake