JobStreet.com AGM

JobStreet.com has its Annual General Meeting today and the 2008 Annual Report can be obtained from here . You can get quarterly reports there too.

Below is a news by Business Times covering today's AGM. It is quoted from here .

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JOBSTREET Corp Bhd is negotiating with a few parties for a possible acquisition.

Its chief executive officer, Mark Chang Mun Kee, said with a cash reserves of RM70 million, the company was in a good position to buy a good quality firm.

"The company has received a few enquiries for partnerships but nothing were concrete yet," he told a media briefing after the company's annual general meeting in Kuala Lumpur today.

Chang said the company might consider increasing its stakes in 104 Corp (Taiwan) and Recruit Group Ltd (Hong Kong).

Currently, it owns 6.6 per cent equity interest in 104 Corp and 8.47 per cent in Recruit, he said.

"During recession, it is good to reinvest in the countries that we are in. However, this will depend on the share prices of the companies," he said.

He said the company was also looking at expanding its operations overseas.

Currently, it has operations in eight countries, he said.
He said its Thailand operations would start in a few weeks and were expected to start contributing to its revenue after two years.

"Malaysia continues to be largest contributor with about 50-60 per cent in revenue, followed by Singapore and the Philippines. - Bernama

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