AEV, UBP, AC, AGF

1. AEV will sell 51% stake in PETNET to City Savings Bank, Inc. (CitySavings) and Union Properties, Inc. (UPI)

Note: UBP owns CitySavings and UPI. 

Notes: The name is a little bit confusing...CitySavings Bank and another listed bank, CityState Savings Bank...(CSB)...which is not related with AEV.

Notes: PETNET provides Western Union network in the Philippines and CitySavings's loan facility.

Since 2015 acquisition, it attributed 8.16 billion consolidated net income as of end 2016. How bout 2017? no result yet but...it's not a small business...hmmm...

2. AC acquired 96% of National Teachers College (“NTC”) which has 10,000 students. 

Notes: I can't understand why they should chose education business. Is it a cash cow business? or just ease business? 

3. AGF will change company name and symbol to Ferronoux Holdings Inc. (FERRO)