China Bilingual Technology & Education Group Inc. (OTCPK:CBLY) acquired remaining 51% stake in Avita Artesian Water, LLC from iBrands Corp. (OTCPK:IBRC) for $0.5 million on September 28, 2016. Under the terms of the transaction, China Bilingual will issue 5 million free trading common shares for the 51% stake of iBrands. As part of the transaction, China Bilingual Technology & Education Inc. will be changing their name to Avita Beverage Company Inc. China Bilingual Technology & Education Group Inc. will replace the entire Board of Directors, accounting firm and legal team. China Bilingual Technology & Education Group Inc. (OTCPK:CBLY) completed the acquisition of remaining 51% stake in Avita Artesian Water, LLC from iBrands Corp. (OTCPK:IBRC) on September 28, 2016.