Monster made wholly acquisition of ChinaHR.com 0
Chinese network of excellence established in 1997, China is one of the three major networks recruitment portal, has 12 branches all over. As the earliest and most professional talent recruitment website, its brand and services to job seekers has been personally and business generally recognized by the Human Resources Department. Monster Worldwide CEO Sal Iannuzzi said in the announcement: “This Monster, the China network of excellence and our customers have a landmark significance.”
The world’s largest recruitment services provider Monster Worldwide (NASDAQ: MNST), a subsidiary of China has completed its network of excellence (ChinaHR), a wholly-owned acquisitions, 174,000,000 U.S. dollars in cash to buy another 55% stake. In addition, Monster, executive vice president of Greater China Luo Edward (Edward Lo) and China will serve as interim chief executive officer of the network of excellence.
Data show that in February 2005, Monster Worldwide Investment 50,000,000 U.S. dollars, access to the Chinese network of excellence 40% of the shares; in January 2006, Monster acquired a further increase of about 5% of the equity.
Earlier, the Chinese network of excellence of one of the competitors Zhaopin was announced that the fifth round of 110,000,000 U.S. dollars of financing, and the other opponents 51job (NASDAQ: 51job) have been successfully listed in the United States. Therefore, the financial sector generally agreed that the China network of excellence, as well as Zhaopin certainly experienced corporate finance, equity focus, such a public offering, “the road to the capital.” But the network of excellence of the Chinese president Zhang Jianguo said earlier this reporter’s interview made it clear that our first priority is to recruit the network to do a good job market, the listing will see us home.
(SK Net Service Company Ltd)
Monster Chinese network of excellence in the United States to buy the online job recruitment market under the background of falling demand, the overall job market has continued to deteriorate as a result of the spread of the global financial crisis in the doldrums. On the other hand, China’s online job recruitment market is enjoying rapid growth of joy. Market research company IResearch report released in August showed that in the second quarter of 2008, China’s Internet market scale of the recruitment industry reached 290,000,000 yuan. Of these, 28.1 percent 51job to share in the first place, the China network of excellence to 24.0 percent ranked second.
This news is provided by SK Holdings Company Ltd
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- Monster made wholly acquisition of ChinaHR.com
- Monster made wholly acquisition of ChinaHR.com
- Monster made wholly acquisition of ChinaHR.com
- Monster made wholly acquisition of ChinaHR.com
- Monster made wholly acquisition of ChinaHR.com
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