Date : 02 October 2012

OTHERS JobStreet Corporation Berhad (“JCB”) - Acquisition of a new wholly-owned subsidiary, JS Vietnam Holdings Pte. Ltd. by JobStreet.com Pte Ltd, a wholly-owned subsidiary company of JCB

JOBSTREET CORPORATION BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionJobStreet Corporation Berhad (“JCB”)
- Acquisition of a new wholly-owned subsidiary, JS Vietnam Holdings Pte. Ltd. by JobStreet.com Pte Ltd, a wholly-owned subsidiary company of JCB
We refer to our announcements on 17 May 2012, 9 August 2012 and 1 October 2012 and are pleased to announce that JobStreet.com Pte Ltd (“JobStreet Singapore”), a wholly-owned subsidiary company of JCB had on 2 October 2012 acquired two (2) ordinary shares of USD1.00 each in JS Vietnam Holdings Pte. Ltd., representing 100% of the total issued and paid-up share capital of JS Vietnam Holdings Pte. Ltd. (“Acquisition”) from Mr Suresh A/L Thirugnanam (1 ordinary share) and Mr Lionel Ng Hoe Par (1 ordinary share) for a total consideration of USD2.00. Following the Acquisition, JS Vietnam Holdings Pte. Ltd. became a wholly-owned subsidiary of JobStreet Singapore.
JS Vietnam Holdings Pte. Ltd. was incorporated in Singapore on 10 July 2012 and the current issued and paid-up share capital of JS Vietnam Holdings Pte. Ltd. is USD2.00 divided into two (2) ordinary shares of USD1.00 each. JS Vietnam Holdings Pte. Ltd. has not commenced business since its incorporation.

The intended principal activity of JS Vietnam Holdings Pte. Ltd. is investment holding.

Both Mr Suresh A/L Thirugnanam, who is a Director of JCB and JobStreet Singapore and shareholder of JCB, as well as Mr Lionel Ng Hoe Par, who is a Director of JobStreet Singapore and shareholder of JCB, held the subscriber’s shares of JS Vietnam Holdings Pte. Ltd. as nominees for and on behalf of JobStreet Singapore.

Save for the above, none of the Directors and/or substantial shareholders and/or persons connected with them have any interest, direct of indirect, in the Acquisition.

The above Acquisition does not have any material effect on the issued and paid-up share capital of JCB and has no material effect on the earnings and net assets of JCB Group for the financial year ending 31 December 2012.

This announcement is dated 2 October 2012.



Announcement Info

Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST    
Date Announced2 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121002-57324