Brief: Youdao Plans To Dispose Of Its Academic AST Business

Youdao

30/09/2021 14:01

Sept 30 (Reuters) - Youdao Inc  DAO.N :
    * YOUDAO ANNOUNCES PLAN TO DISPOSE OF ITS ACADEMIC AST
BUSINESS
    * YOUDAO - SUBMITTED APPLICATION TO GOVERNMENT FOR APPROVAL
OF
PROPOSED DISPOSAL OF ACADEMIC AST BUSINESS TO A BUYER WITH WHICH
CO IS IN DISCUSSIONS
    * YOUDAO INC - TOTAL CONSIDERATION FOR TRANSACTION WILL BE
DETERMINED AFTER ARM'S LENGTH NEGOTIATIONS

Source text for Eikon:  ID:nPn3Jqw8Xa 
Further company coverage:  DAO.N 

 ((Reuters.Briefs@thomsonreuters.com;))