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FAR EASTERN College (FEU) is seeking to enter a three way partnership to create and handle a personal nursing faculty in Brunei Darussalam.
In a disclosure to the alternate on Monday, the listed instructional establishment mentioned it’s becoming a member of Brunei’s Ministry of Well being and personal agency Jerudong Park Medical Centre Sendirian Berhad “to cooperate in a proposed three way partnership for the institution, administration, and operation” of the non-public nursing faculty.
“The events entered right into a memorandum of settlement to that impact. No definitive agreements had been signed but pending additional discussions on particulars on how you can obtain the targets of the mission,” FEU mentioned.
“We are going to make the required disclosures concerning the Mission as quickly as additional particular data turns into accessible,” it added.
The corporate at the moment operates FEU in Manila and is almost all shareholder of East Asia Laptop Heart, Inc., FEU Alabang, Far Japanese School Silang, Inc., FEU Excessive College, Inc., and Roosevelt School, Inc.
It additionally has a 51% possession in Edustria, Inc., a brand new senior highschool in Batangas, which is 49% owned by the Technological Institute of the Philippines, Inc.
FEU shares had been final traded on Jan. 20 for P551 apiece. — Keren Concepcion G. Valmonte
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