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CIBT Education Group Inc Signs LOI to Acquire Linkman International Language Institute in China

Wednesday, 9 Jan 2013 06:06pm EST 

CIBT Education Group Inc announced that it has entered into a Letter of Intent with Linkman International Language Institute (Linkman) to acquire shares from treasury representing 95% of all issued and outstanding shares of Linkman at closing. Subject to due diligence, the receipt of all necessary approvals and the satisfaction of other conditions, this acquisition is expected to close within the next eight weeks. Details of the transaction will be announced after closing. Linkman is a language training institution in China that operates two campuses in the province of Zhejiang, within the cities of Hangzhou and Xiaoshan. They specialize in English language training for students in elementary and middle school, but also train students in high school as well as adults. 

Company Quote

-0.025 -9.80%
19 Dec 2014