Ata Inc: Up on prelim deal talk

ATA Creativity Global

09/04/2019 20:05

** Shares of Chinese computer-based testing services
provider  ATAI.O  up as much as ~121% at $2.54 
    ** Company announces prelim talks of acquisition of a
leading Chinese service provider of overseas art education,
Beijing Huanqiuyimeng Education Consultation Corp (ACG)
 urn:newsml:reuters.com:*:nGNX5ync1t
    ** ATAI currently trading at $1.91, up 86.27 pct - touches
7-month high
    ** ATAI will pay an aggregate deposit of 20 mln yuan ($2.98
million) to some major shareholders of ACG
    ** Including session gains, ATAI has more than doubled this
year; Shares up ~84% in 2018

 (Reporting by Sayanti Chakraborty in Bengaluru)
 ((RM: sayanti.chakraborty.thomsonreuters.com@reuters.net))