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STI Education Systems Holdings Inc. has initiated foreclosure proceedings anew on another asset owned by the Benitez family as their dispute remains unresolved.

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STI Holdings, Inc. has started taking steps to take down another Philippine Women’s University (PWU) campus following an earlier petition to start the foreclosure of the latter’s Taft Ave. and Indiana St. branches.

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After a brief period of silence, the exchange of barbs between Tanco-led STI Holdings Inc. and the Benitez family resumed yesterday.

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Putting the best interest of students first,  the group of businessman Eusebio Tanco has put off  plans to take over the Philippine Women’s University which had been locked down by the school’s founding members, the Benitez family.

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Key members of the Benitez Group have reportedly stepped down as members and trustees of Philippine Women’s University (PWU) yesterday, ceding majority control to STI Holdings Inc.

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STI Education Systems Holdings Inc. (formerly JTH Davies), fresh from a successful follow-on offering of its shares, is on the lookout for school acquisitions to expand the company’s academic portfolio and help it reach a target of 100,000 students, executives said yesterday.

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MONICO JACOB

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abtest