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birdie22on Mar 16, 2017 1:15pm
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CIBT Subsidiary Acquires Assets of KGIC Inc. (formerly Loyal
CIBT Subsidiary Acquires Assets of KGIC Inc. (formerly LoyalIt`s over , tax wriite off in cash accounts.
CIBT Subsidiary Acquires Assets of KGIC Inc. (formerly Loyalist Group Ltd.)
CIBT Subsidiary Acquires Assets of KGIC Inc. (formerly Loyalist Group Ltd.)
Vancouver, British Columbia (FSCwire) - CIBT Education Group Inc. (“CIBT”) (TSX: MBA, OTCQX International: MBAIF) reports that court approval has been received to the acquisition by CIBT's wholly owned subsidiary, CIBT Finance (2017) Corp. (“CIBT Finance”), to substantially acquire all of the operating assets of KGIC Inc., formerly named Loyalist Group Ltd. This acquisition will mark a new chapter in CIBT's growth and expansion, adding to both the breadth and depth of programs currently offered through its education platforms while tripling the size of its student pipeline feeding students to the company's student housing properties, Global Education City Holdings Inc.