Huitao Technology and Baydolphin Announce Innovative Joint Venture to Re-define After-school Learning Experience
Huitao Technology Co., Ltd. - Ordinary Shares (HHT)
Company Research
Source: PR Newswire
BEIJING, March 12, 2020 /PRNewswire/ -- Huitao Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT"), a company engaged in production of advanced ready-mix concrete materials and education service, announced today that its wholly owned subsidiary, CACM Group NY, Inc. ("CACM"), and Baydolphin, Inc. ("Baydolphin") established a joint venture company, BayTao ("JV"), a limited liability company specializing in the after-school tutoring program for students from kindergarten to the eighth grade in New York. The JV will leverage Baydolphin's expertise in academic and art education for the youth in conjunction with CACM's business management skills and access to capital to create an innovative learning platform in New York.Under the terms of the joint venture agreement for the JV, Baydolphin shall be responsible for operating and managing the JV; CACM shall contribute necessary capital to fund the JV's operation and set up platforms to offer online courses. The net profits an
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