Friday, September 19, 2008

SEEK owns 10% stake in JobStreet Corp Bhd

JobStreet Corporation Berhad has a new investor in Seek - the main job board in Australia and New Zealand.

Seek has a 25% stake in Zhaopin in China too!

Quoting from The Edge the full article below


KUALA LUMPUR: SEEK International Investments Pty Ltd, which is based in Melbourne, has emerged as a substantial shareholder in JobStreet Corp Bhd after acquiring 31 million shares or 9.97% of the Malaysian recruitment firm this month.

Filings to Bursa Malaysia yesterday showed that SEEK International had purchased the shares in four tranches over four days. A total of 15 million and 1.8 million shares were acquired on Sept 5 and 10 respectively. Another 8.5 million and 5.7 million shares were purchased on Sept 11 and 16 respectively.

On Monday, JobStreet announced that US-based Armor Capital Partners, LP had ceased to be a major stakeholder in the recruitment specialist from Sept 11. This happened after the foreign investor disposed of 4.69 million shares in JobStreet.

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