Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

LOAN RECEIVABLE

v3.19.1
LOAN RECEIVABLE
12 Months Ended
Dec. 31, 2018
LOAN RECEIVABLE  
LOAN RECEIVABLE

(3)     LOAN RECEIVABLE

 

On March 26, 2018, ATA announced entering into a framework agreement to invest in Beijing Biztour International Travel Service Co., Ltd. (“Beijing Biztour”). The loan receivable at December 31, 2018 was a one-year loan of US$2 million at an annual interest rate of 8.0% that ATA provided to Beijing Biztour. The loan became overdue on April 6, 2019 based on the agreement.