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KGIC Inc LGLTF

"KGIC Inc is an educational organization based in Canada. The company owns and operates private English as a second language school, career colleges and community colleges in Toronto, Vancouver, and Victoria."


GREY:LGLTF - Post by User

Post by 60606060on Jun 27, 2016 4:49pm
153 Views
Post# 25002631

Schoolboy forgot something

Schoolboy forgot something

Sale of Uhak.com

The sale of Uhak.com closed on October 28, 2015, with the purchaser assuming all net liabilities, inclusive of severance obligations and forgiveness of certain intercompany amounts which were owed by the Company to Uhak.com. At June 30, 2015, the Company reported $1.3 million of consolidated net liabilities and year-to-date net losses of $0.83 million attributable to Uhak.com.


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