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Date : 23 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, 8 May 2014 and 20 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.

On behalf of the Board, HwangDBS Investment Bank Berhad (“HwangDBS”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 22 May 2014 approved the listing of 49,400,000 new JCB Shares to be issued pursuant to the Proposed Acquisition (“Consideration Shares”) subject to, inter-alia, the following conditions:

(a)  JCB and HwangDBS must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Acquisition;

(b) JCB and HwangDBS to inform Bursa Securities upon the completion of the Proposed Acquisition; and

(c) JCB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition is completed.

In the event that the Consideration Shares will be listed and quoted as the existing securities of the same class, quotation of the new ordinary shares will commence on the next market day after the following:

(i) Submission of the share certificate together with a covering letter containing the summary of the Proposed Acquisition to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the  market day prior to the listing date;

(ii) Receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the securities accounts of the account holder; and

(iii) An announcement in accordance to paragraph 13.2 of Practice Note 28 of the LR is submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing date.

This announcement is dated 23 May 2014.



Announcement Info

Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST    
Date Announced23 May 2014  
CategoryGeneral Announcement
Reference NoOD-140523-59965