TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS JOBSTREET CORPORATION BERHAD (“JOBSTREET” OR THE “COMPANY”) PROPOSED ACQUISITION OF THE REMAINING 40.00% EQUITY INTEREST IN JOBSTREET.COM PHILIPPINES, INC COMPRISING 5,645,600 ORDINARY SHARES OF PHILLIPINES PESO(“PHP”)1.00 EACH IN JSP BY JOBSTREET.COM PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF JCB FOR A PURCHASE PRICE OF RM120,536,000 TO BE SATISFIED VIA THE ISSUANCE OF 49,400,000 ORDINARY SHARES OF RM0.10 EACH IN JOBSTREET (“JOBSTREET SHARES”) AT AN ISSUE PRICE OF RM2.44 PER JCB SHARE ("PROPOSED ACQUISITION")
| JOBSTREET CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | JOBSTREET CORPORATION BERHAD (“JOBSTREET” OR THE “COMPANY”) PROPOSED ACQUISITION OF THE REMAINING 40.00% EQUITY INTEREST IN JOBSTREET.COM PHILIPPINES, INC COMPRISING 5,645,600 ORDINARY SHARES OF PHILLIPINES PESO(“PHP”)1.00 EACH IN JSP BY JOBSTREET.COM PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF JCB FOR A PURCHASE PRICE OF RM120,536,000 TO BE SATISFIED VIA THE ISSUANCE OF 49,400,000 ORDINARY SHARES OF RM0.10 EACH IN JOBSTREET (“JOBSTREET SHARES”) AT AN ISSUE PRICE OF RM2.44 PER JCB SHARE ("PROPOSED ACQUISITION") |
We refer to the prior announcements dated 19 February 2014 and 21 February 2014 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.
The Company had, on 19 February 2014, announced that JobStreet.com Pte Ltd had on 18 February 2014, entered into a conditional share sale agreement with Summit Internet Investments, Inc, (“Summit”) (as the Vendor) and JG Summit Holdings, Inc (“JG Summit”) (as the Vendor Guarantor) for the Proposed Acquisition (“Philippines SSA”).
In relation to the above, HwangDBS Investment Bank Berhad, on behalf of the Board of Directors of JobStreet, wish to announce that as the conditions precedent to the Philippines SSA have yet to be fulfilled within 60 days from the date of the Philippines SSA, JobStreet.com Pte Ltd, Summit and JG Summit have mutually agreed in a letter dated 17 April 2014 to extend the time for the fulfilment of the conditions precedent to 18 June 2014.
This announcement is dated 21 April 2014. | |
Announcement Info
| Company Name | JOBSTREET CORPORATION BERHAD |
| Stock Name | JOBST |
| Date Announced | 21 Apr 2014 |
| Category | General Announcement |
| Reference No | OD-140421-61409 |
