-1.5 C
New York
Thursday, February 2, 2023

Tarena International Inc. (TEDU) Stock Falls Following News of Termination of Merger Agreement with Kidedu Holdings

Tarena International Inc. (TEDU) stock prices were down by 1.47% as of the market closing on September 30th 2021. This brought the price per share up to USD$1.38 at the end of the trading day. Subsequent premarket fluctuations have seen the stock fall by 15.22%, bringing it down to USD$1.17.

Termination of Agreement

September 30th 2021 saw TEDU stock announce the delivery of a written notice to Kidedu Holdings in regard to the termination Agreement and Plan of Merger. The merger agreement was dated for April 30th 2021 and is on the verge of being cancelled because of a breach by Kidedu Holdings and Parent. The partnering companies have until October 30th 2021 to rectify their breaches. This will require a confirmation that both partnering entities will take whatever actions necessary to close the transactions contemplated by the merger agreement by December 31st 2021. Should the company execute the termination of the agreement, it will be entitled to the parent termination fee pursuant to the terms of the agreement.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Gross profits Breakdown

Gross profits for the second quarter of fiscal 2021 were reported in amount of USD$45.6 million, representing a 211% year over year increase. Gross margin, as defined by gross profit divided by net revenues, was 50.6% in the second quarter of fiscal 2021. This is comparable to the 28.5 gross margin reported in the same time period of the prior year. The yearly increase was largely driven by increases in net revenue outweighing the increase in cost of revenue for the second quarter of fiscal 2021.

TEDU Stock’s Cash Flow

The company reported a promising financial position at the end of the second quarter of fiscal 2021. TEDU stock announced net cash outflow used in operating activities for the 2021 quarter in the amount of USD$7.4 million. Net cash inflow from investing activities was reported at USD$4.7 million. This was generated primarily through proceeds in the amount of USD$7.1 million being received from the disposal of property.  Further consolidating the year over year gain was USD  Further consolidating the year over year gain was USD$0.. https://sbtreatment.com/ 1 million received from the disposal of office equipment. The increases were partially offset by a USD$2.6 million expenditure on leasehold improvement and office equipment.

Future Outlook for TEDU Stock

The company reported a promising quarter, as evidenced by the strength of its financial reports. The company is keen to safeguard its trajectory of success should its upcoming merger agreement come through or not. Current and potential investors are confident that management will be able to leverage the resources at its disposal. This is hoped to facilitate significant and sustained increases in shareholder value.

Latest news

Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here