RYM Business Management Corporation agreed to acquire a 20% stake in EEI Corporation from House of Investments, Inc. (PSE:HI) for approximately PHP 1.2 billion.

RYM Business Management Corporation agreed to acquire a 20% stake in EEI Corporation (PSE:EEI) from House of Investments, Inc. (PSE:HI) for approximately PHP 1.2 billion on April 25, 2023. Following the sale to RYM, House of Investments' stake in EEI will drop to 35.35% from, 55.35%. The sale proceeds will be used to reduce House of Investments' debt and strengthen its balance sheet. House of Investments, Inc. (PSE:HI) board of directors approved the transaction. Transaction is still subject to approval of the PSE for the application of Block Sale Receipt of Seller of the Consideration.