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0.0257510729613734 0.0257510729613734 0.0257510729613734 0.0257510729613734 0.0450643776824034 0.193133047210301 0.126587982832618 0.126609442060086
Stock impact report

ATA Enters into Definitive Agreement for the Sale of its Wholly-owned Subsidiary ATA Online

ATAI Life Sciences N.V. - Common Shares (ATAI) 
US:NASDAQ Investor Relations: ir.atai.net.cn
Company Research Source: GlobeNewswire
BEIJING, Feb. 06, 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 it has entered into a share purchase agreement (the “Share Purchase Agreement”) with a group of investors including two entities affiliated with funds managed by CDH Investments, a major Chinese alternative asset management firm based in Beijing; New Beauty Holdings Limited, a company controlled by ATA’s Chairman and Chief Executive Officer Mr. Kevin Xiaofeng Ma; and four holding companies controlled by certain management members of ATA’s wholly-owned subsidiary ATA Online (Beijing) Education Technology Co., Ltd. (“ATA Online”) (collectively, the “Buyer Group”), with respect to the sale of ATA Online. For the fiscal year ended March 31, 2017, ATA Online contributed approximately 98% of ATA’s revenue and nearly 100% of positive bottom line contribution. The Company has also filed a F Show less Read more
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