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ATA Inc. Shares Soar on Sale of a Business Segment and Proposed Acquisition

NEW YORK, NY / ACCESSWIRE / August 30, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on ATA Inc. (ATAI), through its subsidiaries, provides computer-based testing services in the People's Republic of China. The company offers services for the creation and delivery of computer-based tests utilizing its test delivery platform and proprietary testing technologies that are used for professional licensure and certification tests in various industries, including IT services, banking, teaching, and insurance; and administrative services, such as test registration, scheduling, fee collection, and certification fulfillment.

ATAI shares have risen sharply on the news of the recent sale of their Testing Services business, that raised a significant amount of cash. Before the sale announcement, ATAI shares closed at $.72 on August 23rd and are currently trading at $2.45 per share.

Get the details of the recent asset sale and the proposed new acquisition READ MORE

Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/ata-inc/

The Company has entered into a definitive agreement for the acquisition of Beijing Biztour International Travel Service Co., Ltd., 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.

Earlier in August, the company paid a special cash dividend of US$3.00 per common share or US$6.00 per American Depositary Share (ADS) in connection with the sale of the Testing Services business.

Read about the ATAI business segments and look at the Q2 financial data READ MORE

Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/ata-inc/

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SOURCE: Traders News Source