Brief: ATA Enters Framework Agreement For Strategic Investment In B2B International Education Travel

ATA Creativity Global

26/03/2018 13:12

March 26 (Reuters) - ATA Inc  ATAI.O :
    * ATA ANNOUNCES ENTRY INTO FRAMEWORK AGREEMENT FOR STRATEGIC
INVESTMENT IN CHINESE SERVICE PROVIDER OF B2B INTERNATIONAL
EDUCATION TRAVEL
    * ATA - UNDER TERMS OF AGREEMENT, ATA WILL PROVIDE US$2.0
MILLION
IN CONVERTIBLE BONDS, VALID FOR ONE YEAR AT AN 8% INTEREST RATE,
TO BEIJING BIZTOUR
    * ATA INC - ATA WILL BE GRANTED A 6-MONTH EXCLUSIVE
NEGOTIATION
PERIOD WITH BEIJING BIZTOUR DURING WHICH ATA WILL CONDUCT DUE
DILIGENCE

Source text for Eikon:  ID:nGNXL0H58 
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