Brief: ATA Announces Termination Of Acquisition Of Beijing Biztour International Travel Service

ATA Creativity Global

06/03/2019 13:38

March 6 (Reuters) - ATA Inc  ATAI.O :
    * ATA ANNOUNCES TERMINATION OF ACQUISITION OF BEIJING
BIZTOUR
INTERNATIONAL TRAVEL SERVICE CO., LTD. AND INTENTION TO DEVELOP
ITS OWN INTERNATIONAL EDUCATION SERVICE BUSINESS
    * ATA INC - WHILE ACQUISITION IS TERMINATED, CO, BEIJING
BIZTOUR
HAVE AGREED TO FORM A STRATEGIC PARTNERSHIP
    * ATA INC - ATA WILL NOT OWE ANY CASH OR STOCK TO BEIJING
BIZTOUR
AND SELLERS.
    * ATA INC - EXPLORING OTHER POTENTIAL MERGERS AND
ACQUISITIONS
TARGETS IN INTERNATIONAL EDUCATION SECTOR
    * ATA INC - TERMINATED ACQUISITION OF BEIJING BIZTOUR
BECAUSE
BEIJING BIZTOUR AND SHAREHOLDERS DID NOT SATISFY SOME CLOSING
CONDITIONS FOR ACQUISITION

Source text for Eikon:  ID:nGNX6CWXjP 
Further company coverage:  ATAI.O 

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