Brief: ATA Announces Private Equity Firm LHHY To Become Buyer In ATA Online Transaction

ATA Creativity Global

27/06/2018 13:11

June 27 (Reuters) - ATA Inc  ATAI.O :
    * ATA ANNOUNCES PRIVATE EQUITY FIRM LHHY TO BECOME A BUYER
IN ATA
ONLINE TRANSACTION
    * ATA INC -CO, CERTAIN MANAGEMENT BUYERS, CERTAIN OTHER
PARTIES
HAVE ENTERED INTO DEED OF ASSIGNMENT WITH ZHUHAI LIHONGHUAYING
EQUITY INVESTMENT
    * ATA INC-UNDER DEED,MANAGEMENT BUYERS HAVE AGREED TO ASSIGN
THEIR
RIGHTS & OBLIGATIONS TO PURCHASE 15% OF EQUITY INTERESTS IN ATA
ONLINE TO LHHY BUYER
    * ATA INC - ZHUHAI LIHONGHUAYING EQUITY INVESTMENT
PARTNERSHIP (
"LHHY BUYER") TO PAY AMOUNT OF US$30 MILLION AS PURCHASE PRICE
FOR ASSIGNED SHARES

Source text for Eikon:  ID:nGNX3G8vY9 
Further company coverage:  ATAI.O 

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