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Date : 20 May 2014

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 ("JSP") COMPRISING 5,645,600 ORDINARY SHARES OF PHILLIPINES PESO(“PHP”)1.00 EACH IN JSP (“JSP SHARES” OR THE “SALE SHARES”) BY JOBSTREET.COM PTE LTD (“JOBSTREET SINGAPORE” OR THE “PURCHASER”), 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 JCB (“JCB SHARES”) AT AN ISSUE PRICE OF RM2.44 PER JCB SHARE (“PROPOSED ACQUISITION”)

JOBSTREET CORPORATION BERHAD

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

PROPOSED ACQUISITION OF THE REMAINING 40.00% EQUITY INTEREST IN JOBSTREET.COM PHILIPPINES, INC ("JSP") COMPRISING 5,645,600 ORDINARY SHARES OF PHILLIPINES PESO(“PHP”)1.00 EACH IN JSP (“JSP SHARES” OR THE “SALE SHARES”) BY JOBSTREET.COM PTE LTD (“JOBSTREET SINGAPORE” OR THE “PURCHASER”), 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 JCB (“JCB SHARES”) AT AN ISSUE PRICE OF RM2.44 PER JCB SHARE (“PROPOSED ACQUISITION”)

We refer to the prior announcements dated 19 February 2014, 21 February 2014, 21 April 2014, 29 April 2014 and 8 May 2014 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said Announcements in relation to the Proposed Acquisition.

 

HwangDBS, on behalf of the Board of Directors of JobStreet, wishes to announce that the Proposed Acquisition has been completed on 19 May 2014 in accordance with the SSA.

 

Following the completion of the SSA, the Consideration Shares shall be allotted and issued to Summit at a later date subject to the approval for the listing of and quotation for the Consideration Shares from Bursa Securities being obtained and all the other payment procedures being fulfilled.

 

This announcement is dated 20 May 2014.



Announcement Info

Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST    
Date Announced20 May 2014  
CategoryGeneral Announcement
Reference NoOD-140519-53079