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BRIEF-KGIC reviews Uhak.com transaction and issues statement of claim

Published 2016-07-15, 09:29 a/m
© Reuters.  BRIEF-KGIC reviews Uhak.com transaction and issues statement of claim
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July 15 (Reuters) - KGIC Inc LRN.V

* KGIC reviews Uhak.com transaction and issues statement of claim

* KGIC says press release issued on Oct 29, 2015 pronouncing sale of agency may have been premature to extent that transaction has not been consummated

* Says special committee was established by KGIC board to review this purported transaction

* Says commenced an action against Uhak.com (Korea) for non-payment of accounts owing for student tuition

* Says claim is to recover accounts receivable and damages for defamation

* Says claim was filed and issued by Ontario Superior Court of Justice on July 4th 2016 Source text for Eikon: ID:nMKWvdLpxa Further company coverage: LRN.V

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