Independent Operation. All parties confirm that from the closing date, (1) T▇▇▇▇▇ Group shall no longer own and/or operate any adult-focused training business, and the divested entity shall own and independently operate all adult-focused training businesses; (2) The divested entity shall no longer own and/or operate any children-focused training business, and the T▇▇▇▇▇ Group shall own and independently operate all children-focused training businesses.
Appears in 1 contract
Sources: Equity Transfer Agreement (Tarena International, Inc.)
Independent Operation. All parties confirm that from the closing date, (1) T▇▇▇▇▇▇ Group shall no longer own and/or operate any adult-focused training business, and the divested entity shall own and independently operate all adult-focused training businesses; (2) The divested entity shall no longer own and/or operate any children-focused training business, and the T▇▇▇▇▇▇ Group shall own and independently operate all children-focused training businesses..
Appears in 1 contract
Sources: Equity Transfer Agreement (TCTM Kids IT Education Inc.)