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ATA Inc (ATAI.OQ)

ATAI.OQ on NASDAQ Stock Exchange Global Market

5.40USD
23 Feb 2018
Change (% chg)

$0.03 (+0.56%)
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$5.37
Open
$5.42
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Day's Low
$5.27
Volume
11,267
Avg. Vol
5,397
52-wk High
$6.23
52-wk Low
$3.40

Latest Key Developments (Source: Significant Developments)

Ata Inc To Sell Its Wholly-Owned Subsidiary Ata Online
Tuesday, 6 Feb 2018 06:00am EST 

Feb 6 (Reuters) - Ata Inc ::ATA ENTERS INTO DEFINITIVE AGREEMENT FOR THE SALE OF ITS WHOLLY-OWNED SUBSIDIARY ATA ONLINE.ATA INC - DEAL FOR US$200 MILLION IN CASH.ATA - HAS ENTERED INTO A SHARE PURCHASE AGREEMENT WITH A GROUP OF INVESTORS INCLUDING TWO ENTITIES AFFILIATED WITH FUNDS MANAGED BY CDH INVESTMENTS.ATA - IF DEAL IS COMPLETED, CO WILL NO LONGER CONDUCT TESTING DEVELOPMENT & DELIVERY BUSINESS CURRENTLY OPERATED BY ATA ONLINE.ATA INC - SPECIAL COMMITTEE UNANIMOUSLY RESOLVED TO APPROVE SHARE PURCHASE AGREEMENT AND TRANSACTION.ATA - BOARD PRELIMINARILY APPROVED TO USE PORTION OF PROCEEDS FROM DEAL TO PAY CASH DIVIDEND TO SHAREHOLDERS.ATA INC - SALE OF ATA ONLINE WILL NOT ALTER RIGHTS, PRIVILEGES OR NATURE OF ISSUED AND OUTSTANDING SHARES.ATA INC - BOARD ACTING UPON UNANIMOUS RECOMMENDATION OF SPECIAL COMMITTEE, APPROVED DEAL, SHARE PURCHASE AGREEMENT AND RELATED TRANSACTION DOCUMENTS.ATA INC - IF DEAL IS COMPLETED, ATA WILL NO LONGER CONDUCT TESTING DEVELOPMENT AND DELIVERY BUSINESS CURRENTLY OPERATED BY ATA ONLINE.ATA INC - SHAREHOLDER WHO OWNS CO'S SHARES, ADSS IMMEDIATELY PRIOR TO CLOSING OF DEAL TO CONTINUE TO HOLD SAME NUMBER OF SHARES OR ADSS AFTER CLOSING.  Full Article

ATA qtrly‍ basic and diluted losses per ADS RMB 0.68
Thursday, 9 Nov 2017 04:05pm EST 

Nov 9 (Reuters) - ATA Inc ::ATA reports financial results for three-month period ended September 30, 2017.Sees quarterly revenue RMB 312 million to RMB 317 million.Quarterly revenue rose 6.8 percent to RMB 69.6 million.ATA Inc qtrly basic and diluted losses per common share attributable to ATA Inc of RMB​ 0.34.ATA Inc qtrly‍ basic and diluted losses per ADS attributable to ATA Inc of RMB 0.68​.  Full Article

ALPHA ADVANTAGE GLOBAL REPORTS 9.4 PCT PASSIVE STAKE IN ATA INC AS OF OCT 12‍​
Friday, 13 Oct 2017 11:56am EDT 

Oct 13 (Reuters) - Alpha Advantage Global::ALPHA ADVANTAGE GLOBAL REPORTS 9.4 PERCENT PASSIVE STAKE IN ATA INC AS OF OCTOBER 12 - SEC FILING‍​.  Full Article

ATA says new third board approves voluntary delisting of shares of co's unit - SEC filing‍​
Tuesday, 10 Oct 2017 09:30am EDT 

Oct 10 (Reuters) - ATA Inc :ATA Inc says new third board has approved voluntary delisting of shares of co's unit - SEC filing‍​.  Full Article

ATA announces receipt of preliminary non-binding proposal to acquire its unit
Wednesday, 30 Aug 2017 08:05am EDT 

Aug 30 (Reuters) - ATA Inc :ATA announces receipt of preliminary non-binding proposal to acquire its subsidiary, formation of special committee, and appointment of financial advisor and legal counsel.ATA Inc - ‍Kevin Xiaofeng has proposed to acquire 100% of ATA online's total equity interest for a total consideration of $150 million​.ATA Inc- ‍Consideration is proposed to be paid in cash and will be financed through a combination of equity and debt finance​.ATA Inc - Special committee has retained Duff & Phelps as its financial advisor and Morgan in connection with review and evaluation of proposal.ATA Inc - ‍Kevin Xiaofeng MA, ATA's chairman and chief executive officer, has proposed to acquire 100 percent of ata online's total equity interest​.  Full Article

ATA says unit will apply to voluntarily delist its shares from New Third Board​
Tuesday, 8 Aug 2017 08:00am EDT 

Aug 8 (Reuters) - ATA Inc ::ATA - wholly owned subsidiary, ata online (beijing) education technology co., ltd. will apply to voluntarily delist its shares from new third board​.ATA Inc - ‍ATA's shares will continue to trade on nasdaq market under ticker atai, where it has been listed since january 2008​.  Full Article

ATA reports Q4 loss per share of $0.17
Thursday, 1 Jun 2017 04:05pm EDT 

June 1 (Reuters) - Ata Inc :ATA reports fiscal 2017 fourth quarter and year-end financial results.Q4 revenue rmb 36.9 million versus rmb 44.7 million.‍net loss attributable to ATA for Q4 was rmb 53.7 million (US$7.8 million).‍For Q4 2017, basic and diluted losses per common share attributable to ATA were both rmb1.17 (US$0.17)​.  Full Article

ATA appoints Amy Tung as chief financial officer
Wednesday, 1 Mar 2017 08:00am EST 

ATA Inc : Shelly Jiang, company's interim CFO, has tendered her resignation .Amy Tung will be appointed as chief financial officer.  Full Article

ATA Inc says unit entered into investment agreement with MOOC-CN Investment
Thursday, 23 Feb 2017 08:00am EST 

ATA Inc : ATA Inc - unit had entered into an investment agreement with MOOC-CN Investment .ATA Inc - MOOC-CN investment with founder of mooc-cn investment as strategic investors, will invest RMB34.0 million into ATA Learning Data & Technology.  Full Article

ATA reports Q3 EPS rmb 1.65
Monday, 20 Feb 2017 04:05pm EST 

Ata Inc : ATA reports record fiscal 2017 third quarter financial results . Sees Q4 2017 revenue rmb 26 million to rmb 31 million . Q3 revenue rmb 273.5 million versus rmb 221.4 million .Q3 earnings per share rmb 1.65.  Full Article

BRIEF-Ata Inc To Sell Its Wholly-Owned Subsidiary Ata Online

* ATA ENTERS INTO DEFINITIVE AGREEMENT FOR THE SALE OF ITS WHOLLY-OWNED SUBSIDIARY ATA ONLINE

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