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JobStreet.com Announces Intention to Move on to Main Board - JobStreet.com, a leading online job portal announces plan to move to KL Stock exchange main board
JobStreet.com Announces Intention to Move on to Main Board

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2007/06/22 - JobStreet.com, a leading online job portal announces plan to move to KL Stock exchange main board.

   
 
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At its AGM held yesterday at Wisma JobStreet.com in Kuala Lumpur, the Board of Directors of JobStreet.com announced to its shareholders their proposed plan to have JobStreet Corporation Berhad transferred from the Mesdaq market to the Main Board of Bursa Malaysia.

Mr Mark Chang, JobStreet.com Chief Executive Officer said, ”We have produced a strong profit track record and have met all the capital requirements to qualify to make this move. Should we be granted the required approvals, this will be a great milestone for the company as it validates all the hard work and contribution made by everyone concerned.”

He added,” This is made possible also because of the solid support from our customers and the trust that jobseekers have placed in JobStreet.com, not only in Malaysia, but in all the countries where we operate.”

Should Bursa Malaysia and the Securities Commission approve this transfer, JobStreet Corporation Berhad will be the first online jobsite to get to the Main Board in Malaysia and the only such company listed in Southeast Asia. The company expects that the proposed transfer will boost confidence from stake holders and investors both locally and abroad.

The proposed plan for the transfer includes a bonus issue of 2 ordinary shares for every one ordinary share held and then a share consolidation of 2 ordinary shares of RM0.10 each after the Proposed Bonus Issue into 1 ordinary share of RM0.20 each.

About JobStreet

JobStreet Corporation Berhad operates the JobStreet.com online recruitment websites presently covering the employment markets in Malaysia, Singapore, Philippines, Indonesia, India and Bangladesh. The Group currently services over 50,000 corporate customers and over 4 million jobseekers.

 
 
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Written by / Agency / Source: JobStreet.com

 
 

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JobStreet.com Announces Intention to Move on to Main Board

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Publisher Contact: Simon Si - JobStreet.com 
+603 2176 0394 simon[.]jobstreet.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any JobStreet.com securities in any jurisdiction including any other companies listed or named in this release.

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