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Date : 29 January 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS Proposed Acquisition of JSV Holdings (as defined herein); and Proposed Acquisition of JSI (as defined herein)

JOBSTREET CORPORATION BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionProposed Acquisition of JSV Holdings (as defined herein); and
Proposed Acquisition of JSI (as defined herein)

We refer to the announcements made in relation to the Proposed Acquisition of JSV Holdings on 10 January 2014 and the Proposed Acquisition of JSI on 13 January 2014 and 21 January 2014.

On behalf of the Board of JobStreet Corporation Berhad (“JCB”), HwangDBS Investment Bank Berhad wishes to announce that JCB had, on 29 January 2014, submitted the listing application to Bursa Malaysia Securities Berhad in respect of the listing of and quotation for 6,522,200 new ordinary shares of RM0.10 each in JCB (“JCB Share(s)) pursuant to the proposed acquisitions of the:

I.          Remaining 19.00% of the equity interest in JS Vietnam Holdings Pte Ltd (“JSV Holdings”) comprising 190,000 ordinary shares in JSV Holdings not already owned by JobStreet.com Pte Ltd (“JobStreet Singapore” or the “Purchaser”), a wholly-owned subsidiary of JCB for a total purchase consideration of RM1,195,838 to be satisfied via issuance of 522,200 JCB Shares at an issue price of RM2.29 per JCB Share (“Proposed Acquisition of JSV Holdings”); and

II.         Remaining 40.00% of the equity interest in PT Jobstreet Indonesia ("JSI") comprising 160 ordinary shares of USD1,000 each in JSI not already owned by JobStreet Singapore, a wholly-owned subsidiary of JCB for a total purchase consideration of RM13.74 million to be satisfied via issuance of 6,000,000 JCB Shares at an issue price of RM2.29 per JCB Share (“Proposed Acquisition of JSI”).


This announcement is dated 29 January 2014.

 

 

 



Announcement Info

Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST    
Date Announced29 Jan 2014  
CategoryGeneral Announcement
Reference NoOD-140129-63647