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Date : 10 February 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS JOBSTREET CORPORATION BERHAD (“JCB” OR THE “COMPANY”) PROPOSED ACQUISITION OF THE REMAINING 40.00% EQUITY INTEREST IN PT JOBSTREET INDONESIA ("JSI") COMPRISING 160 ORDINARY SHARES OF USD1,000 EACH IN JSI BY JOBSTREET.COM PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF JCB FOR A PURCHASE PRICE OF RM13.74 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 6,000,000 ORDINARY SHARES OF RM0.10 EACH IN JCB (“JCB SHARES”) AT AN ISSUE PRICE OF RM2.29 PER JCB SHARE

JOBSTREET CORPORATION BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionJOBSTREET CORPORATION BERHAD (“JCB” OR THE “COMPANY”)

PROPOSED ACQUISITION OF THE REMAINING 40.00% EQUITY INTEREST IN PT JOBSTREET INDONESIA ("JSI") COMPRISING 160 ORDINARY SHARES OF USD1,000 EACH IN JSI BY JOBSTREET.COM PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF JCB FOR A PURCHASE PRICE OF RM13.74 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 6,000,000 ORDINARY SHARES OF RM0.10 EACH IN JCB (“JCB SHARES”) AT AN ISSUE PRICE OF RM2.29 PER JCB SHARE
With reference to the above announcements made on 13 January 2014 and 21 January 2014, the Board of Directors of JCB wishes to announce that JobStreet.com Pte. Ltd. (the “Purchaser”) has requested and PT Sinar Mas Multiartha Tbk (the “Vendor”) has agreed to extend the time for the fulfilment of all the conditions precedent for the completion of the sale and purchase of the 40.00% equity interest in JSI comprising 160 ordinary shares of USD1,000 each in JSI under the conditional share sale agreement (“SSA”) entered into between the Purchaser with the Vendor dated 13 January 2014, in accordance with Clauses 3.1 and 4.1 of the SSA, from 13 February 2014 to 14 March 2014.
Save for the variation to Clauses 3.1 and 4.1 of the SSA, all other terms, conditions, obligations and liabilities in the SSA shall remain intact and unaffected in anyway howsoever, and shall remain valid and enforceable.


Announcement Info

Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST    
Date Announced10 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140210-54848