Tarena Entered Into Definitive Agreement To Sell Office Building For RMB26.1M

Author: Charles Gross | August 02, 2023 07:34am

Tarena International, Inc. ("Tarena" or the "Company") today announced that the Company, through its wholly-owned subsidiary in the PRC, has entered into a definitive agreement with a third-party company at arm's length, pursuant to which the Company agreed to sell an office building for a total consideration of RMB26.1 million. The premise is located at Building 20, No. 396 Emei Mount Road, Qingdao Economic & Technological Development Area, Qingdao and has an aggregate gross floor area of 3,735 square meters. Pursuant to the agreement, the Company has received the full payment by today and may continue to use the building until November 9, 2023.

Posted In: TEDU