EEI transfers P164-M Tanza training facility to subsidiary - BusinessWorld Online

EEI transfers P164-M Tanza training facility to subsidiary - BusinessWorld Online

EEI CORP. has approved the transfer of its P164-million training facility in Tanza, Cavite, to its subsidiary EEI Training Academy Corp. through a tax-free property-for-share swap, a move aimed at consolidating the company’s training operations. “The asset transfer is expected to enhance operational efficiency and reduce friction costs across the organization,” the construction firm said in a disclosure to the exchange on Tuesday. The two-storey…