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Tarena Signs Equity Transfer Agreement to Dispose of Professional Education Business

Tarena International, Inc. Entered into a Strategic Cooperation Agreement with Xueda Education Group

/PRNewswire/ Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company"), a leading provider of adult professional education and childhood &.

Tarena International, Inc. Announces the Results for the First Quarter of 2021

Share this article Share this article 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

Tarena Enters into Definitive Agreement for Going Private Transaction News provided by Share this article Share this article 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