Tarena International, Inc. (TEDU) Declares Changes To Its Board Composition

On Monday, Tarena International, Inc. (NASDAQ:TEDU) finished trading with the final price of $1.72, up 11.69%, on volume of over 455.39K shares. Its average trading volume is 149.20K shares. With the recent close, the company has total market worth of $98.66 million. The firm has weekly volatility of 11.34% and monthly volatility of 11.90% with ATR of 0.14 and beta of 0.70.

Tarena International, Inc. (TEDU) on December 31, 2019 declared changes to its board creation. Mr. Ricky Lee, Chairman and Executive Partner of ShangGu Capital, has been chosen as a free chief. Mr. Lee has additionally been named as the administrator of the pay panel of the board, just as individuals from the review council and the assigning and corporate administration advisory group. Mr. Ya-Qin Zhang has left the board for individual reasons. Mr. Zhang’s renunciation didn’t result from any conflict with the Company. These progressions will be compelling on January 1, 2020.

Mr. Ricky Lee is a prepared innovation business person and dynamic heavenly attendant speculator with exceptional authority experience, having been a CEO for both global and neighborhood driving IT organizations in China. Mr. Lee is an early China business pioneer beginning in 1987 when he joined HP China and remained with HP for a long time until 1999. While at HP, Mr. Lee built up and headed the HP Personal Computer and Peripheral Business in China, developing it from a little activity to a market chief when he left in 1999. Mr. Lee at that point joined Founder (SEHK.418) as CEO to run its product and frameworks combination business.

Mr. Lee was Chairman and CEO of Hinge Software, a product organization he had helped to establish in 2003. In 2007, Hinge offered its re-appropriating tasks to ChinaSoft (SEHK.354). Mr. Lee right now fills in as the Chairman and Executive Partner of ShangGu Capital ,which is a value adventure venture support focusing on ahead of schedule and development stage inventive organizations. Mr. Lee established Sinova SJ Capital in 2010. Mr. Lee got his B.S. in Computer Science from the University of Hong Kong.

Tarena is a leading provider of professional education services in China. If we look at the past performance, over the last 6 months, Tarena International, Inc. (TEDU)’s shares have dropped by 27.43% and in the past three months it has moved up 73.74%. Also, over the 5 days, the stock has gained 37.60% and in the past one month, the shares have lifted 97.70%.

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