THE COLEGIO de San Lorenzo on Friday denied reports that the school has been sold or is for sale.

The Office of Student Affairs director, RJ Taganas, issued the clarification in reaction to the statement of Quezon City Mayor Joy Belmonte that the school’s properties were up for sale.

“Kinonfirm ko po ito sa may-ari, at ang sabi po ng may-ari, ito po ay hindi for sale, at ito ay naghahanap lamang ng investor po, para masalo, preferrably, isa rin pong eskwelahan, para ho ma-absorb ang mga estudyante at ang mga empleyado,” Taganas said.

Only more than 1,400 students enrolled in basic education and college, according to Taganas, which is less than the school’s expectation.

“Unfortunately po, ang aming number of enrollees ay hindi umabot sa desired target,” the school official said.

CDSL announced its permanent closure on August 15 citing financial instability and lack of financial viability.

“Una naming sinasagawa ngayon ang pagtulong sa aming mga estudyante mula sa pag-release ng records at pag-refund [ng tuition fee], hanggang sa malilipatan nilang eskwelahan. Kung mayroon mang kailangang aksyon ang mga empleyado, ang inuuna namin ngayon ay mga estudyante,” Taganas said.