News

Stay up to date

Keep up to date with the latest CIBT developments through our most recent news.

CIBT Subsidiary Limited Partnership Signs Formal Agreement to Sell Property for $70 Million

December 3, 2019

Vancouver, B.C. – December 3rd, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that one of its limited partnership subsidiaries has signed a formal purchase and sale agreement to sell one of its GEC® branded properties (the “Property”) for $70 million.  As part of the transaction,  Global Education City Management Corp., a wholly-owned subsidiary of the Company, will enter into a master lease agreement...

Read more

CIBT Reports Financial Results for Fiscal Year Ended August 31, 2019

December 2, 2019

December 2nd 2019, Vancouver, BC: CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that it has filed on SEDAR its annual audited consolidated financial statements (the “Annual Financial Statements”) and related Management’s Discussion & Analysis (“MD&A”) (collectively, the “2019 Financial Report”) for the fiscal year ended August 31, 2019 (“Fiscal 2019”).  This news release should be read in conjunction with the 2019 Financial Report in its...

Read more

CIBT Provides Update on its Normal Course Issuer Bid (Share Buy-Back)

November 29, 2019

Vancouver, B.C. – November 29th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) wishes to announce the suspension of the Company’s normal course issuer bid (share buy-back) which commenced December 14, 2018, in order to allow the Company to pursue a certain transaction.  Since December 14, 2018, the Company has purchased a total of 2.643 million common shares from the open market. About CIBT Education Group: CIBT Education...

Read more

CIBT Ranks #35 on the 2019 Business in Vancouver Top 100 Most Profitable Companies in B.C. List

November 20, 2019

Vancouver, B.C. – November 20th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named one of the “Top 100 most profitable companies in B.C.” in the November 12th edition of Business in Vancouver. CIBT was ranked no.35 among the top 100 most profitable companies in B.C. with net income of $45.371 million in fiscal year 2018. About CIBT Education Group: CIBT Education Group...

Read more

CIBT Named One of Top 100 National and Global Companies Operating in B.C. by Business in Vancouver

October 7, 2019

Vancouver, B.C. – October 7th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) reports that the Company was named one of the “Top 100 national and global companies operating in B.C. in 2019” in the October 1-7th, 2019 edition of Business in Vancouver. CIBT was ranked no. 55 among the top 100 national and global companies operating in British Columbia, with 629 worldwide employees and 600 B.C. employees...

Read more

International students have powerful influence on real estate: data

October 4, 2019

WI Staff, Western Investor ( Western Investor Article, Url: https://www.westerninvestor.com/news/british-columbia/international-students-have-powerful-influence-on-real-estate-data-1.23954753) Students at the University of British Columbia. Photo by Dan Toulgoet International students represent a powerful economic influence in Canada, according to data from the Canadian Bureau for International Education (CBIE), not the least of which is seen in the real estate sector. In 2017, the latest numbers available, there were 494,525 international students in Canada, a 119 per cent increase  compared to 2010 and a 20 per...

Read more

Surrey-Delta a powerhouse in Metro Vancouver real estate investment

October 1, 2019

Frank O'Brien, Western Investor (Western Investor News, URL: https://www.westerninvestor.com/news/british-columbia/surrey-delta-a-powerhouse-in-metro-vancouver-real-estate-investment-1.23952936 ) Central Surrey education mega-centre and Surrey-Delta industrial development reflect shift in population and potential in the Lower Mainland Toby Chu, CEO and president of CIBT Education (right), with HIlbert Ng, CIBT senior vice-president of corporate finance: Surrey’s old Stardust roller rink site being transformed into an education mega-centre. | Chung Chow With industrial real estate sales dominating the region, home sales rising and a new education...

Read more

CIBT Reports Completion of Property Financing and Mortgage Renewals of over $80 Million by Subsidiary Limited Partnerships

September 9, 2019

Vancouver, B.C. – September 9th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that three of its subsidiary limited partnerships (the “LPs”) have completed four property financings and mortgage renewals over the past 10 weeks. The LPs are GEC King Edward II Limited Partnership, GEC Granville Limited Partnership and GEC Education Mega Center Limited Partnership. The total value of property financing and mortgage renewals...

Read more

CIBT Reports Receipt of CAD$10 Million Subscriptions by GEC Oakridge Limited Partnership

September 4, 2019

Vancouver, B.C. – September 4th, 2019 – CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report the completion of investments in an aggregate of CAD$10 million into one of CIBT’s subsidiary limited partnerships, GEC Oakridge Limited Partnership.  These subscriptions are a modification of the ones announced in the Company’s news release of June 18, 2019.  The Company earned a development fee which it has used to acquire...

Read more

CIBT Subsidiary Takes Possession of GEC Education Mega Center Land

September 3, 2019

Vancouver, B.C. -  September 3rd, 2019 - CIBT Education Group Inc. (TSX: MBA, OTCQX International: MBAIF) (“CIBT” or the “Company”) is pleased to report that its subsidiary, GEC Education Mega Center Limited Partnership, has completed the purchase of land for the development of GEC Education Mega Center® (“EMC”) in Surrey, B.C.  The total land purchase price was $22.6 million, or $56 per buildable square foot, plus carrying costs and development fees. This project is well below...

Read more

1 2 3 43