Tarena to sell professional education business, terms undisclosed

Tarena announced that it has signed an equity transfer agreement to dispose of all equity interests in the professional education business to a buyer consortium led by Tarena Weishang Technology. Lijuan Han, affiliate of the company’s founder and chairman Shaoyun Han, is a member of the buyer consortium and has an interest in the disposal transaction. Kroll, LLC was retained as the independent financial advisor in connection with the disposal transaction. The disposal transaction is expected to close around the end of March 2024.