Monster wanted to comprehensively purchase ChinaHR.com

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"First Financial Daily" published an article said that with the enterprises’ increasing demands in finance, "the exchange agreement" was rapidly popular in China, but ChinaHR.com who bet with investors to be "successfully listing within three years" in 2005 may not be able to realize the target, the most likely outcome is to be overall acquired by the world's largest recruitment service provider Monster.
Monster already have a Chinese network of excellence 45% of the shares in the recently held its earnings conference call, the Chinese network of excellence again in the second quarter of this year loss, loss of 3.8 million U.S. dollars Monster, the level exceeded expectations. As early as in February this year, Monster said that hope in the second quarter of this year "with 200 to 225 million U.S. dollars of the price, to buy Chinese network of excellence of the other 55 percent stake."
This means that the Chinese network of excellence has not far from the overall acquisition.
Yesterday, the reporters at the Chinese Xu, chairman of the new network of excellence, she said that now it is not convenient to comment on the matter. In July of this year she "First Financial Daily" during an interview that "we are still on a plan with the Monster," but did not disclose specific content, while Chinese Zhang Jianguo, president of excellence network in February this year during an interview with this paper, said: " The company is wholly-owned acquisition of the issue, no clear results. "
Xu is the founder and president of the capital today, in 1999 in his own name injection of the Chinese network of excellence. In August this year, she accepted the "financing of China" when interviewed said that Chinese investment in his 1999 network of excellence, the holders of its shares have more than eight years, although there 800 times earnings, but still intend to continue to hold.
Under the 2005 agreement signed on gambling, Monster will be "the next three years in the" network of excellence to help China to complete IPO, after the listing of Monster will buy 51 percent or more of its shares if the Chinese network of excellence could not be listed, Monster the same The obligation to purchase the Chinese network of excellence "not less than 51% of the equity" and a real controlling shareholder.
Overseas media reports may be able to add to this matter, Monster has publicly stated that it and the Chinese network of excellence on the overall acquisition of the negotiations, is expected to end in the third quarter of this year.
According to the report of the Advisory Ereli, the Chinese Internet industry to recruit more than 80 percent of the market share was 51job, China network of excellence and unwise to carve up the recruitment, but local and industry-based recruitment sites are also constantly hit the market. 51job in October 2005 in the Nasdaq-listed, and the Chinese network of excellence-and the recruitment of the IPO dream has not won.
In July this year, Chile got the investment of 110 million U.S. dollars from Australia's largest recruitment site seek.com and investment bank Macquarie, showing that the greater demand of the market competition environment to Internet recruit companies greater supply of funds requested.