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Slide #25. CIBT Education Group Inc. — Linkman International Language Institute
Acquirer:
CIBT Education Group Inc. (MBA.CA)
Acquiree:
Linkman International Language Institute
Details:
CIBT Education Group Inc. announced that it has signed an agreement to acquire all of the issued and outstanding shares of Linkman International Language Institute ("Linkman"). The agreement provides for the purchase funds to be paid into a wholly owned subsidiary of CIBT in Beijing so that the purchase funds may be used by Linkman for working capital purposes while allowing CIBT to have full control of the funds.
CIBT Education Group is an educational and student-housing investment company. Co.'s business operations include education, media communications, revenue producing properties and real estate development. Co.'s operating entities are as follow: Global Education City Holdings Inc., which provides real estate projects; Sprott Shaw College Corp., which is a private career and technical training college; Sprott Shaw Language College and Vancouver International College; Global Education Alliance Inc. and A Plus Student Services Inc., which provide recruitment of international students and on-ground concierge services; CIBT School of Business & Technology Corp.; and IRIX Design Group Inc.
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