March 26, 2018 / 12:16 PM / 4 months ago

BRIEF-ATA Enters Framework Agreement For Strategic Investment In B2B International Education Travel

March 26 (Reuters) - ATA Inc:

* ATA ANNOUNCES ENTRY INTO FRAMEWORK AGREEMENT FOR STRATEGIC INVESTMENT IN CHINESE SERVICE PROVIDER OF B2B INTERNATIONAL EDUCATION TRAVEL

* ATA - UNDER TERMS OF AGREEMENT, ATA WILL PROVIDE US$2.0 MILLION IN CONVERTIBLE BONDS, VALID FOR ONE YEAR AT AN 8% INTEREST RATE, TO BEIJING BIZTOUR

* ATA INC - ATA WILL BE GRANTED A 6-MONTH EXCLUSIVE NEGOTIATION PERIOD WITH BEIJING BIZTOUR DURING WHICH ATA WILL CONDUCT DUE DILIGENCE Source text for Eikon: Further company coverage:

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