According to U.S. Securities and Exchange Commission notices, Zhen Ronghui, CEO of (JOBS), will sell 1 million shares of 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, accounting for 28.8% of the company's total shares. 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 at US$13 for each share. According to the agreement, Recruit will acquire another 25% of stock in the coming three years.


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