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NTC-APEC Schools merger approved

THE Securities and Exchange Commission (SEC) has approved the merger of National Teachers College (NTC) and Affordable Private Education Center Inc. (APEC Schools), the two schools' parent company, iPeople Inc. (IPO), said on Tuesday.

iPeople, a firm under House of Investments and the Yuchengco Group of Companies, informed the stock exchange it had received a copy of the certificate of filing of the articles and plan of merger issued by the SEC on August 30.