KGIC Inc LGLTF

Loy Spin Off Feb 15 News Release

[trac3]

It certainly appears LOY will be doing a spin off & a new financing for the proposed REIT Company

After a year-long pilot program we’ve grown our housing business into a small but profitable revenue-generating operation. Of far greater importance, we’ve learned how best to grow it substantially and rapidly, and to that end we feel it necessary to spin it off and raise capital separately. Our recent acquisitions of two overseas agencies will allow us not only to significantly grow our education business but also our housing subsidiary", said Chief Executive Officer Andrew Ryu.

https://www.loyalistgroup.com/news/news_view

Will have to check further if they cuurrently own any studenT housing properties