Elite Education Group International Limited (NasdaqCM:EEIQ) acquired a 20% stake in Richmond Institute of Languages Inc. (EduGlobal College) from Canada EduGlobal Holdings Inc. for CAD 0.25 million on March 31, 2023. On January 15, 2022, Highrim Holding International Limited, a wholly-owned subsidiary of Elite Education Group International Limited acquired 80% of the issued and outstanding shares of EduGlobal College from Global. The acquisition of the 20% of the remaining equity in EduGlobal College results in the college being 100% owned by Highrim.

Elite Education Group International Limited (NasdaqCM:EEIQ) completed the acquisition of 20% stake in Richmond Institute of Languages Inc. (EduGlobal College) from Canada EduGlobal Holdings Inc. on March 31, 2023.