ChinaCast Education

ChinaCast Education Corporation (Public, NASDAQ:CAST), People's Republic of China. Established in 1999, ChinaCast Education Corporation is a leading for-profit, post-secondary education and e-learning services provider in the People's Republic of China. The Company provides its post-secondary degree programs through its 80% ownership in the holding company of the Foreign Trade and Business College (FTBC) of Chongqing Normal University. The Company provides its e-learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite broadband network. The company listed on the NASDAQ Global Market Exchange with the ticker symbol CAST on October 29, 2007.

History/Major Corporate Milestones

The Company was established in 1999 as ChinaCast Communications Limited (CCL) and subsequently raised a Series A venture capital round which included investors Hughes Network Systems and Intel Capital. In May 2004, the Company was renamed ChinaCast Communications Holdings Limited (CCH) and made an Initial Public Offering on the Singapore Stock Exchange. On December 22, 2006, Great Wall Acquisition Corporation, a US-listed (stock symbol OTC:GWAQ) Special Purpose Acquisition Company, completed the 100% acquisition via tender offer of CCH in a reverse merger transaction. Great Wall Acquisition Corporation was then renamed ChinaCast Education Corporation in early 2007 (stock symbol OTC:CEUC) and then listed on the NASDAQ Global Market Exchange (stock symbol NASDAQ:CAST) on October 29, 2007. In April 2008, the Company completed the acquisition of 80% of the holding company of the Foreign Trade and Business College of Chongqing Normal University.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/ChinaCast_Education

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