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iCollege to make strategic acquisitions

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iCollege (ASX:ICT) has been granted an ASX trading halt with regard to strategic acquisitions.

The halt will last until the earlier of the announcement being made or the commencement of trade on Thursday, 18 December 2014.

Recently, the company completed due diligence and will enter into a fully binding share sale agreement to acquire Dynamic Learning Solutions Pty Ltd.

It has also completed the acquisition of The Bookkeeping School Pty Ltd.

The company will leverage its mobile optimised Learning Management System to these two businesses to allow for online delivery of courses and management of students.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: iCollege

Price: 0.055 AUD

ASX:ICT
Market: ASX
Market Cap: $28.91 m
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