BEIJING, July 25, 2017 /PRNewswire/ -- China Distance
Education Holdings Limited (NYSE: DL) ("CDEL", or the "Company"), a
leading provider of online education and value-added services for
professionals and corporate clients in China, today announced that it has completed
the sale of its 80% equity interest in Xiamen NetinNet Software
Co., Ltd. ("Xiamen NetinNet") to its controlled associate company,
Beijing Zhengbao Yucai Education Technology Co., Ltd. ("Zhengbao
Yucai") for a total consideration of RMB221
million ($32.6 million). The
transaction closed on July 25,
2017.
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 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 and value-added services for professionals and corporate
clients in China. 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
professional education courses for participants in 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, practical accounting
training courses for college students and working professionals, as
well as online language courses and third-party developed online
courses. In addition, the Company provides business services to
corporate clients, including but not limited to tax advisory and
accounting outsourcing services. For further information, please
visit http://ir.cdeledu.com.
Contacts:
China Distance
Education Holdings Limited
|
The Piacente Group |
Investor Relations
|
Investor Relations
Department
|
Brandi
Piacente
|
Tel: +86-10-8231-9999
ext 1805
|
Tel:
+1-212-481-2050
|
Email:
IR@cdeledu.com
|
Email:
dl@tpg-ir.com
|
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SOURCE China Distance Education Holdings Limited