F.Y.I.

Seek increases share of Chinese job site Zhaopin

January 11, 2013 12:41

Job seeking website Seek has increased its share in Chinese employment site Zhaopin. The company’s equity interest will increase from 55.5% to between 72.3% and 79%.

The announcement:

SEEK Limited (“SEEK”) today announced it has entered into a share purchase agreement to increase its ownership stake in Zhaopin Limited (“Zhaopin”).

Zhaopin operates a leading online employment marketplace in China and this transaction is part of SEEK’s continued strategy to increase its exposure to leading international businesses. SEEK’s equity interest will increase from 55.5% to between 72.3% and c79% depending on the level of take up from certain shareholders.

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Topics

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