Philippine Stock Exchange-listed school Far Eastern University Inc (FEU) has completed the acquisition of a property in Silang, Cavite.
In a disclosure to the PSE, FEU said it purchased the 1.6-hectare lot from Moldex Realty Inc at a price of P40.22 million for future expansion purposes.
Late last year, FEU (which has campuses in Cavite, Diliman, Makati and Manila) announced its intention to build a new campus on a 1.8-hectare lot in Filinvest City (Muntinlupa). It obtained a P1-billion loan to finance the acquisition of the property from Filinvest Alabang Inc.
