JobStreet's last hurdle before selling operations to Australia's SEEK
Now, the firm has to obtain regulatory approval in Singapore before it can move forward with the acquisition dealBy Elaine Huang 16 May, 2014
Malaysia-based online job portal JobStreet Corporation Berhad‘s deal to sell its remaining shares to its Australian counterpart SEEK is progressing well, with the transaction slated to take place in Q3 2014.
According to The Sun Daily, shareholders have given the go-ahead for JobStreet to be purchased at MYR 1.73 billion (US$535.6 million). The firm will have to cross just one more hurdle: obtaining “regulatory approval in Singapore”.
e27 first reported about the pending acquisition in mid-February 2014.