Strategic move overseas :)
Sydney - Wednesday - September 20: (RWE Aust Business News) -
SEEK Ltd (ASX:SEK) will acquire a 25 per cent interest in Zhaopin, a
Chinese online recruitment site.
The online employment classifieds market in China is expected to
grow to over $US500 million by 2011.
SEEK will pay approximately $US20m ($26.6m) for the stake and
will provide strategic input and operational support.
The investment is expected to have a small negative impact on
earnings per share in FY07.
This is SEEK's first investment in an internet employment site
outside Australasia.
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