JobStreet,com Thailand, the Thai subsidiary of Malaysia’s online jobs portal, announced last night that “from midnight February 28, 2014, it will cease its operations with immediate effect”.

Users of JobStreet Thailand will still be able to log in and apply for existing jobs for the next two months. However, they are advised to “export any important data” before the site goes down permanently.

The news come shortly after Australian online counterpart SEEK was reported to be looking at buying JobStreet Corporation Berhad for US$523.5 million.

Read Also: Social hiring site JobTalents launches in Thailand, funded by Ookbee

Here is the English announcement on its site:

We regret to inform that from midnight February 28, 2014, Thailand will cease its operations with immediate effect.

You will still be able to use our services such as logging into your account and applying for any available jobs for the next 60 days. After that, you will no longer be able to access the Thailand website to use any of our services. We encourage you to export any important data before the website is permanently unavailable – Click here to find out how.

Should you be interested in finding employment in any of the countries that operates in namely Singapore, Malaysia, Philippines, Indonesia or Vietnam, please update your alert profile to receive jobs from other countries. If you want to delete your account, find out how here.

Thank you for the support you’ve given us throughout the last four years. We wish you every success for your future career undertaking.

What could be the reasons for the closure?