KGIC Inc LGLTF

Loyalist Engages Waterfront Capital for Capital Markets Advi

[alister33]

LOYALIST TO SPIN-OFF HOUSING BUSINESS 2015-02-09 07:16 ET - last week

"After a year of study we have come to realize that the growth opportunities in student housing are significant, from catering not only to Loyalist's large and fast-growing student body but also those of other schools, not limited to the ESL space. We believe that a large presence in the lucrative student housing market will deliver significant returns to our shareholders and I'm very eager to ramp up our efforts."  our housing subsidiary will better position as a stand-alone entity it to capitalize on market opportunities and enhance shareholder value, while at the same time allowing Loyalist to focus on its fast-growing ESL, career college and agency businesses and enhance shareholder value

Completion of the transaction is subject to customary conditions for a transaction of this nature including, but not limited to, the receipt of all required corporate, regulatory and other third party approvals.

Loyalist intends to maintain an interest in the new housing entity postspinoff.

A quote from Andrew.

[Hawkeye2012]

The concept of LOY is to buy ESL schools in the Canadian market and to achieve a dominant market share. Buying agencies and MTI are a result of schools not wanting to sell to Mr Ryu. For those of us who bought into the original concept we have done well since we came in early. However Mr Ryu has failed to continue this concept. Do you feel deceived by Mr. Ryu ? well he tried but now he is doing