BEIJING, Feb. 3, 2016 /PRNewswire/ -- China Distance
Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a
leading provider of online education in China focusing on professional education,
today announced that its majority-owned subsidiary Beijing Zhengbao
Yucai Education Technology Co., Ltd. ("Zhengbao Yucai") has
submitted an application to the National Equities Exchange and
Quotations ("NEEQ") to list on the New Third Board, the
over-the-counter stock exchange in China.
Zhengbao Yucai provides business start-up training programs to
university students, job seekers and individuals who are interested
in learning how to launch new businesses. The program leverages the
concepts and training framework of an international organization
called PEN-International, enabling program participants to set up
their own simulated companies and providing them with opportunities
to participate in virtual business dealings with other simulated
companies from both inside China
and around the world. Zhengbao Yucai submitted its application to
list on the New Third Board in an effort to further enhance the
Company's brand and visibility within the China market, and offer the Company the
opportunity to raise capital from the Chinese capital markets to
fund future growth.
The New Third Board was established by the State Council in 2012
as a national over-the-counter stock exchange to supplement trading
activities on the Shanghai and
Shenzhen stock exchanges,
including the related Growth Equity Market (GEM) exchanges. The New
Third Board allows for trading of stocks of growth companies that
do not otherwise satisfy the requirements for listing on the main
Shanghai and Shenzhen stock exchanges.
There is no assurance that Zhengbao Yucai will successfully list
on the New Third Board. Zhengbao Yucai's listing is subject to,
among other things, market and business conditions and Zhengbao
Yucai satisfying relevant rules of the China Securities Regulatory
Commission and the applicable securities exchange and other
applicable registration, listing and offering requirements and
obtaining requisite regulatory approvals of its listing
application.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Forward-looking statements are not historical facts,
but instead are predictions about future events. Future events are
inherently uncertain, and our forward-looking statements may turn
out to be incorrect. The Company may decide not to list Zhengbao
Yucai's shares. The Company and Zhengbao Yucai may not realize the
anticipated benefits of the listing of Zhengbao Yucai's shares. The
forward-looking statements in this press release speak only as of
the date on which they are made, and we assume no obligation to
update any forward-looking statements except as required by
law.
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider
of online education in China
focusing on professional education. The courses offered by the
Company through its websites are designed to help professionals
seeking to obtain and maintain professional licenses and to enhance
their job skills through our professional development courses in
China in the areas of accounting,
healthcare, engineering & construction, and other industries.
The Company also offers other professional education courses for
the national judicial examination, online test preparation courses
for self-taught learners pursuing higher education diplomas or
degrees, test preparation courses for university students intending
to take the nationwide graduate school entrance exam, and online
language courses. We also offer third-party developed online
courses through our Online Open Learning Platform, a proprietary
education platform that allows people to share their educational
content or deliver live courses online. For further information,
please visit http://ir.cdeledu.com.
Contacts:
China Distance
Education Holdings Limited
Investor Relations
Department
Tel:
+86-10-8231-9999 ext 1805
Email:
IR@cdeledu.com
|
The Piacente Group |
Investor Relations
Brandi
Piacente
Tel: +1
212-481-2050
Email:
dl@tpg-ir.com
|
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SOURCE China Distance Education Holdings Limited