GECC Signs Agreement to Divest Part of Its Educational Assets
Global Education Communities Corp. (OTCQB:GECSF) has announced the sale of its Sprott Shaw College subsidiary to a European education provider for approximately $35 million in cash, representing $0.52 per share in net cash value for shareholders. The transaction excludes GECC's GEC® student housing assets.
Following the divestiture, GECC will retain ownership of Sprott Shaw Language College (SSLC) and Vancouver International College (VIC). The company will strategically pivot to focus on its GEC® student housing portfolio, where it operates as the largest off-campus student housing provider in British Columbia with 8 existing rental towers and 6 more towers in various stages of development.
[ "All-cash transaction generating $35 million in proceeds ($0.52 per share)", "Strategic focus on becoming pure-play student housing leader", "Retention of valuable student housing assets and two educational institutions", "Strong development pipeline with 6 additional towers in various stages", "Extensive network serving 95 post-secondary institutions across Metro Vancouver" ]Global Education Communities Corp. (OTCQB:GECSF) ha annunciato la vendita della sua controllata Sprott Shaw College a un fornitore europeo di servizi educativi per circa 35 milioni di dollari in contanti, corrispondenti a un valore netto di 0,52 dollari per azione per gli azionisti. L’operazione esclude gli asset di alloggi per studenti GEC® di GECC.
In seguito alla cessione, GECC manterrà la proprietà di Sprott Shaw Language College (SSLC) e Vancouver International College (VIC). L’azienda si concentrerà strategicamente sul portafoglio di alloggi per studenti GEC®, dove è il principale fornitore di alloggi fuori dal campus in British Columbia, con 8 torri residenziali già operative e 6 torri aggiuntive in varie fasi di sviluppo.
- Transazione interamente in contanti che genera 35 milioni di dollari di ricavi (0,52 dollari per azione)
- Focus strategico per diventare leader esclusivo nel settore degli alloggi per studenti
- Mantenimento di preziosi asset di alloggi per studenti e di due istituti educativi
- Solido piano di sviluppo con 6 torri aggiuntive in diverse fasi
- Ampia rete che serve 95 istituzioni post-secondarie nell’area di Metro Vancouver
Global Education Communities Corp. (OTCQB:GECSF) ha anunciado la venta de su subsidiaria Sprott Shaw College a un proveedor europeo de educación por aproximadamente 35 millones de dólares en efectivo, lo que representa un valor neto en efectivo de 0,52 dólares por acción para los accionistas. La transacción excluye los activos de vivienda estudiantil GEC® de GECC.
Tras la desinversión, GECC mantendrá la propiedad de Sprott Shaw Language College (SSLC) y Vancouver International College (VIC). La compañía se orientará estratégicamente a su cartera de viviendas estudiantiles GEC®, donde opera como el mayor proveedor de viviendas fuera del campus en Columbia Británica, con 8 torres de alquiler existentes y 6 torres adicionales en diversas etapas de desarrollo.
- Transacción en efectivo que genera 35 millones de dólares en ingresos (0,52 dólares por acción)
- Enfoque estratégico para convertirse en líder exclusivo en viviendas estudiantiles
- Retención de valiosos activos de vivienda estudiantil y dos instituciones educativas
- Fuerte pipeline de desarrollo con 6 torres adicionales en distintas fases
- Amplia red que atiende a 95 instituciones postsecundarias en el área metropolitana de Vancouver
Global Education Communities Corp. (OTCQB:GECSF)는 약 3,500만 달러의 현금으로 유럽 교육 제공업체에 자회사인 Sprott Shaw College를 매각했다고 발표했으며, 이는 주주들에게 주당 0.52달러의 순현금 가치를 의미합니다. 이번 거래에는 GECC의 GEC® 학생 주거 자산은 제외됩니다.
매각 후 GECC는 Sprott Shaw Language College (SSLC)와 Vancouver International College (VIC)의 소유권을 유지할 예정입니다. 회사는 전략적으로 GEC® 학생 주거 포트폴리오에 집중할 계획이며, 브리티시컬럼비아에서 가장 큰 캠퍼스 외 학생 주거 제공업체로서 8개의 기존 임대 타워와 6개의 추가 타워를 다양한 개발 단계에서 운영하고 있습니다.
- 전액 현금 거래로 3,500만 달러 수익 창출 (주당 0.52달러)
- 학생 주거 분야 순수 플레이 리더가 되기 위한 전략적 집중
- 가치 있는 학생 주거 자산 및 두 교육 기관 유지
- 다양한 단계에 있는 6개의 추가 타워를 포함한 강력한 개발 계획
- 메트로 밴쿠버 지역 95개 고등교육 기관을 아우르는 광범위한 네트워크
Global Education Communities Corp. (OTCQB:GECSF) a annoncé la vente de sa filiale Sprott Shaw College à un fournisseur européen d’éducation pour environ 35 millions de dollars en espèces, représentant une valeur nette en espèces de 0,52 dollar par action pour les actionnaires. La transaction exclut les actifs de logements étudiants GEC® de GECC.
Après cette cession, GECC conservera la propriété de Sprott Shaw Language College (SSLC) et de Vancouver International College (VIC). L’entreprise s’orientera stratégiquement vers son portefeuille de logements étudiants GEC®, où elle est le principal fournisseur de logements étudiants hors campus en Colombie-Britannique, avec 8 tours locatives existantes et 6 tours supplémentaires à différents stades de développement.
- Transaction entièrement en espèces générant 35 millions de dollars de recettes (0,52 dollar par action)
- Concentration stratégique pour devenir un leader exclusif du logement étudiant
- Conservation d’actifs précieux de logements étudiants et de deux établissements éducatifs
- Pipeline de développement solide avec 6 tours supplémentaires à divers stades
- Réseau étendu desservant 95 établissements postsecondaires dans la région du Grand Vancouver
Global Education Communities Corp. (OTCQB:GECSF) hat den Verkauf seiner Tochtergesellschaft Sprott Shaw College an einen europäischen Bildungsanbieter für ca. 35 Millionen US-Dollar in bar bekannt gegeben, was für die Aktionäre einen Nettobarwert von 0,52 US-Dollar pro Aktie darstellt. Die Transaktion schließt die GEC®-Studentenwohnanlagen von GECC aus.
Nach dem Verkauf behält GECC das Eigentum an Sprott Shaw Language College (SSLC) und Vancouver International College (VIC). Das Unternehmen wird sich strategisch auf sein GEC®-Studentenwohnportfolio konzentrieren, wo es als größter Anbieter von Studentenwohnheimen außerhalb des Campus in British Columbia mit 8 bestehenden Miettürmen und 6 weiteren Türmen in verschiedenen Entwicklungsstadien tätig ist.
- Bartransaktion mit Erlösen von 35 Millionen US-Dollar (0,52 US-Dollar pro Aktie)
- Strategischer Fokus auf die Führungsrolle im Bereich Studentenwohnheime
- Beibehaltung wertvoller Studentenwohnanlagen und zweier Bildungseinrichtungen
- Starke Entwicklungspipeline mit 6 weiteren Türmen in verschiedenen Phasen
- Umfassendes Netzwerk mit 95 postsekundären Institutionen in der Metro Vancouver Region
- None.
- Divestment of major educational asset after 17.5 years of ownership
- Transaction subject to customary closing conditions
VANCOUVER, BC / ACCESS Newswire / July 7, 2025 / Global Education Communities Corp. (TSX:GEC)(OTCQB:GECSF) ("GECC" or the "Company") today announced it has entered into a definitive agreement to sell its Sprott Shaw College subsidiary to a European-based education provider. The sale is subject to customary closing conditions. This all-cash transaction results in post-adjustment cash proceeds of approximately
Following the divestiture of Sprott Shaw College, GECC will retain ownership of Sprott Shaw Language College (SSLC) and Vancouver International College (VIC), which, alongside over 90 other schools in Metro Vancouver, will continue to feed students to the GEC® student housing properties.
"We are proud of the success and growth Sprott Shaw College has achieved over the 17.5 years since we took ownership, and we are grateful to the dedicated staff who made it possible," said Toby Chu, Chairman, President, and CEO of GECC. "This transaction unlocks significant value for our shareholders and marks a strategic pivot for the Company. It provides us with a substantial cash position to capitalize on new opportunities in today's economic environment and moves towards resolving the market confusion between our education and real estate divisions."
GECC to Focus on GEC® Student Housing Portfolio
GECC will concentrate its efforts on the development, construction, and operation of its GEC® student housing portfolio. This strategic shift will enable the Company to capitalize on its position as the largest off-campus student housing provider in British Columbia.
"We are sharpening our focus to become a pure-play student housing leader," Mr. Chu observed. "Our model is simple: we acquire, rezone, and develop properties in partnership with strategic partners with extensive capital financing experience and construction expertise. After the construction is complete, the properties will be operated by GEC® under the GEC® Living brand. GEC® is the housing provider for 95 public and private post-secondary institutions in Metro Vancouver, accommodating students from across Canada and over 73 countries. GEC® currently operates eight rental towers, with completion of construction of the 9th rental tower expected in 23 months. The rezoning process for the 10th and 11th towers is almost complete, and the 12th to 14th towers were approved in 2023, pending amendments.
"This new business model will allow us to be a laser-focused, easily understood business that utilizes our cash resources most efficiently."
About GECC:
Since 1994, GECC has established itself as a leading player in the Canadian education and student housing sector, serving both domestic and international markets. GECC offers a comprehensive range of services, encompassing business and language colleges, student-centric rental apartments, recruitment services for educational opportunities, and a network of campuses and offices across 40 locations.
Through its subsidiaries, GECC provides a holistic educational experience for over 12,500 students annually. These subsidiaries include established institutions like Sprott Shaw College (founded in 1903), Sprott Shaw Language College, Vancouver International College, and CIBT School of Business & Technology. These subsidiaries offer programs covering healthcare, business, and technology.
GECC also addresses student housing needs through its subsidiary, Global Education City Holdings Inc. ("GECH"). GECH focuses on developing and managing student-centric rental apartments and education super-centres in Metro Vancouver, boasting a portfolio exceeding
GECC also owns Global Education Alliance Inc. ("GEA"), a subsidiary that specializes in placing students in elite North American schools and universities, and Irix Design, a leading design and media communication company based in Vancouver, Canada.
Visit GECC online at www.GEChq.com or www.GECliving.com to explore our services and watch our corporate video.
Toby Chu
Chairman, President & CEO
Global Education Communities Corp.
Investor Relations Contact: 1-604-871-9909 extension 319 or | Email: info@GEChq.com
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking information (the "forward-looking statements") about the Company and its plans. Forward-looking statements are statements that are not historical facts. Forward-looking statements in this news release include, without limitation, the ability of the Company to capitalize on new opportunities, and the expectation that concentrating its efforts on the development, construction, and operation of its GEC® student housing portfolio will enable the Company to capitalize on its position as the largest off-campus student housing provider in BC. Forward-looking statements are subject to various risks, uncertainties and other factors (collectively, the "Risks") that could cause GECC's actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. The Risks include, without limitation, that the Company is not able to capitalize on new opportunities due to reasons including but not limited to economic conditions and competition from other parties, and other risks identified in the MD&A forming part of the 2025 Q2 management's discussion and analysis. Forward-looking statements are based on the beliefs, opinions and expectations of GECC's management at the time they are made, and the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances should change, except as may be required by law.
SOURCE: Global Education Communities Corp.
View the original press release on ACCESS Newswire
FAQ
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