Tarena Enters into Definitive Agreement to Sell Office Building

Tarena International, Inc. ("Tarena" or the "Company") today announced that the Company, through its wholly-owned subsidiary in the PRC, entered into a definitive agreement with Cheari (Beijing) Certification & Testing Co., Ltd., pursuant to which the Company agreed to sell an office building with a total consideration of approximately RMB93.0 million. The premise is located in Building 17, Block 2, Yard 31, Kechuang 13 Street, Beijing Economic-Technological Development Area, Beijing and has an aggregate gross floor area of approximately 8,366 square meters. Pursuant to the agreement, the Company expects to receive the full payment by June 30, 2023 and may continue to use the building until November 30, 2023.

Attachments

Disclaimer

Tarena International Inc. published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2023 12:55:15 UTC.