Boston, MA 06/16/2014 (wallstreetpr) – Professional education services provider in China Tarena International Inc (ADR) (NASDAQ:TEDU) disclosed that it had struck a cooperation deal with six varsities and colleges in China to provide joint programs in the field of computer science and software engineering. Following this, shares of the company advanced to post a significant gain on June 13.
Agreements With Varsities
The deal to offer major programs included with the varsities Yangzhou University, Huaihai Institute of Technology, Jiangsu Normal University, Huaiyin Institute of Technology, XuhaiCollege, the Taihu University of Wuxi, and China University of Mining and Technology. The deal paves the way for the students to enroll themselves in the joint major programs offered by Tarena from these six colleges and universities besides selected courses in their regular undergraduate curriculum.
In exchange, Tarena International Inc (ADR) (NASDAQ:TEDU) will get a part of the students’ tuition that is due to Tarena courses. The company and the six schools would also jointly develop an internship and training center to boost their students’ competitiveness in the job market besides improving the placement results of post-graduation.
Management Speaks
Tarena International Inc (ADR) (NASDAQ:TEDU) ’s founder, chairman and CEO Shaoyun said that the latest agreement with six colleges and varsities indicated its commitment and the reputation it has earned in the industry besides the recent momentum following its public issue to build more in-depth cooperation with varies and colleges in China. He added that students would be provided with the practical training that are essential to succeed in the highly competitive job markets in the second biggest economy of the world.
Tarena International Inc (ADR) (NASDAQ:TEDU)’s CEO also indicated that the Chinese education ministry’s policies are to encourage education to add increased number of higher educational institutions and also set up number of practical training course poses. Therefore, Tarena sees more and more colleges and varsities to explore and develop close cooperation relations with like minded service providers like Tarena. As an established Institution in China’s professional education sector, the company believes that it is well positioned itself to grab such market opportunities.
