ATA Announces Entry into Framework Agreement for Strategic Investment in Chinese Service Provider of B2B International Education Travel
ATAI Life Sciences N.V. - Common Shares (ATAI)
US:NASDAQ Investor Relations:
ir.atai.net.cn
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Source: GlobeNewswire
BEIJING, March 26, 2018 (GLOBE NEWSWIRE) -- ATA Inc. ("ATA" or the "Company") (Nasdaq:ATAI), a leading provider of advanced testing technologies and testing-related services in China, today announced that the Company has entered into a framework agreement for a strategic investment in Beijing Biztour International Travel Service Co., Ltd. (“Beijing Biztour”), a provider of international educational study tour and travel services for students in China who are interested in overseas study tours primarily in the U.S., United Kingdom, and Australia. ATA to Explore Potential Opportunities in International EducationAs previously announced, the Company has embarked on an effort to explore merger and acquisition opportunities within the education sector in China. Driven by increased demand for more diverse international education opportunities by urban families in China, the international educational travel market is particularly attractive as a growing number of China-based students seek
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