Ata inc. (nasdaqgm:atai) completed the acquisition of the remaining 30.96% stake in beijing huanqiuyimeng education consultation corp.

Ata inc. (nasdaqgm:atai) agreed to acquire the remaining 30.96% stake in beijing huanqiuyimeng education consultation corp. from arts consulting group, inc on june 28, 2019. the closings of such acquisitions are respectively conditional upon the signing and effectiveness of the definitive agreement or the closing of the transactions under the definitive agreement. as of august 6, 2019 ata inc. successfully closed the acquisition of an additional 18.42% equity interest in arts consulting group, inc. with certain arts consulting group, inc. minority shareholders for cash, resulting in ata inc. (nasdaqgm:atai) holding, directly and indirectly, an aggregate of 87.46% equity interest in acg. the remaining 12.54% equity interest in arts consulting group, inc. with the remaining minority shareholders is expected to be completed before the end of the third quarter of 2019. ata inc. (nasdaqgm:atai) completed the acquisition of the remaining 30.96% stake in beijing huanqiuyimeng education consultation corp. on october 17, 2019. as of october 17, 2019, ata creativity global acquired the remaining 12.54% stake in beijing huanqiuyimeng education consultation corp.
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