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ATA Inc Announces Acquisition Of Education Technology Company Xing Wei; Appoints Mr. Cheng-Yaw Sun As New CEO

Thursday, 26 Sep 2013 07:00am EDT 

ATA Inc. (ATA or the Company) announced that it has signed an agreement to acquire Xing Wei Institute (HK) Limited ("Xing Wei"), a private education technology company that provides training solutions as well as online and mobile training platforms for corporations in China, for USD3.19 million. The Company also announced that the Board of Directors has appointed Xing Wei's Founder and Chairman Mr. Cheng-Yaw Sun as ATA's new Chief Executive Officer effective October 8, 2013, succeeding Mr. Kevin Ma who will remain on ATA's Board of Directors as Chairman. 

Company Quote

2 Jul 2015