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.


RYM Business Management Corporation completed the acquisition of 20% stake in EEI Corporation (PSE:EEI) from House of Investments, Inc. (PSE:HI) on April 26, 2023.