Tarena Signs Equity Transfer Agreement to Dispose of Professional Education Business kptv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kptv.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company"), a leading provider of adult professional education and childhood &.
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BEIJING, May 25, 2021 /PRNewswire/ Tarena International, Inc. (NASDAQ: TEDU) ( Tarena or the Company ), a leading provider of professional education and K-12 education services in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
First Quarter 2021
Highlights
Net revenues increased by 80.9% year-over-year to RMB533.8 million (US$81.5 million), from RMB295.0 million in the same period of 2020.
Net revenue from adult education business, which represented 47.9% of the total net revenues, increased by 19.9% year-over-year to RMB255.5 million (US$39.0 million), from RMB213.1 million in the same period of 2020.
Net revenue from K-12 education business, which represented 52.1% of the total net revenues, increased by 239.8% year-over-year to RMB278.3 million (US$42.5 million), from RMB81.9 million in the same period of 2020.
Tarena Enters into Definitive Agreement for Going Private Transaction
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BEIJING, April 30, 2021 /PRNewswire/ Tarena International, Inc. (Nasdaq: TEDU) ( Tarena or the Company ), a leading provider of professional education and K-12 education services in China, today announced that it has entered into an Agreement and Plan of Merger (the Merger Agreement ) with Kidedu Holdings Limited ( Parent ) and Kidarena Merger Sub, a wholly owned subsidiary of Parent ( Merger Sub ). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the Merger ), in a transaction implying an equity value of the Company of approximately US$230.6 million.
Tarena Enters into Definitive Agreement for Going Private Transaction asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.