Sep. 24, 2015, 5:53 PM
- Chinese testing company ATA (ATAI +4.5%) has authorized a share repurchase plan of up to $3M worth of ADS until March 31.
- The company can buy back ADS opportunistically on the open market or in off-market and block transactions.
- It plans to use cash to finance the buybacks; in its most recent quarter, the company reported $34.57M in cash.
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ATA, Inc. engages in providing computer-based testing services. Its services include test delivery, assessment, campus recruitment, and e-learning. The company was founded in 1999 by Ma Xiao Feng and Wang Lin and is headquartered in Beijing, China.
Industry: Education & Training Services
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