ATA Announces Closing of ACG Acquisition, Appoints ACG Founder Jun Zhang as President
ATAI Life Sciences N.V. - Common Shares (ATAI)
US:NASDAQ Investor Relations:
ir.atai.net.cn
Company Research
Source: GlobeNewswire
BEIJING, Aug. 06, 2019 (GLOBE NEWSWIRE) -- ATA Inc. ("ATA" or the "Company", Nasdaq: ATAI), a company focused on providing students with quality educational experiences and services in China and abroad, today announced that the Company has closed the acquisition of 87.46% equity interest in Beijing Huanqiuyimeng Education Consultation Corp. (“ACG”), a leading provider of educational services for students in China interested in applying for overseas art study. Transaction DetailsAs previously announced in a press release on June 28, 2019, the Company had entered into a definitive agreement with ACG’s major shareholders and core management members, including its founder Mr. Jun Zhang, for the acquisition of 69.04% equity interest in ACG, and had also separately entered into definitive agreements with other ACG minority shareholders for the acquisition of the remaining 30.96% equity interest in ACG. ATA has successfully completed the acquisition of 100% shares of ACG International Gr
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