This article from the Irish Times gives some insight into the group that just purchased what was #3 in the China online recruitment advertising space - ChinaHR.
ChinaHR was run into the ground by an inflexible Monster.com over the past few years and is now a real trophy for the Saon Group who have finally got their hands on a national brand - and picked it up for a song at 30 mil.
This comes a few weeks after SEK announced its intention to list zhaopin on NASDAQ or in HKG.
I get the feeling that the recent SEK rally has been driven somewhat by the excitement around spinning zhaopin.com off. I wonder how this acquisition changes their forecasts for China - if at all...
SEK Price at posting:
$10.61 Sentiment: Hold Disclosure: Held
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