51job.com CEO Sell Stocks To Recruit

April 13, 2007 | Print | Email Email | Comments | Category: Internet



    According to U.S. Securities and Exchange Commission notices, Zhen Ronghui, CEO of 51job.com (JOBS), will sell 1 million shares of 51job.com to Japanese human resource service company Recruit.

    After the sale of these shares, worth US$13 million, Zhen will still hold 16.2 million shares of 51job.com, accounting for 28.8% of the company's total shares. 51job.com says that the sale of Zhen's shares to Recruit is part of the company's plans to set up a strategic alliance with Recruit and their shareholders have agreed to sell 15% of the company's stake to Recruit.

    Recruit plans to acquire 8.5 million shares of 51job.com at US$13 for each share. According to the agreement, Recruit will acquire another 25% of 51job.com stock in the coming three years.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • China's 51job.com Says Sayonara To Japanese Business Alliance
  • Japanese HR Company Buys 51job.com Stake
  • Lenovo Plans To Recruit Online Agent
  • Vertical Asian Job Search Engine Inks China Deal
  • Google To Recruit 20 Localization Managers In China
  • Kingdee Will Recruit Foreign Management Expertise
  • Microsoft Recruiting 6000 Business Partners In China
  • 51job Reports Revenue Growth, Coupon Deal
  • China Unicom May Sell Its GSM Network
  • Recruit Holdings Joins Forces With Netease For Job Portal



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR