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    JOBS   US3168271043

51JOB, INC.

(JOBS)
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51job : China's 51job to go private in $5.7 bln deal

06/21/2021 | 09:24am EDT

June 21 (Reuters) - China-based jobs portal 51job Inc said on Monday it reached an agreement to be taken private by a consortium of Chinese investors in a deal that values the company at about $5.7 billion.

In an all-cash deal expected to close in the second half of 2021, shareholders of 51job would receive $79.05 per share.

The consortium, which made the offer in early May, includes DCP Capital Partners, Ocean Link Partners and 51job's co-founder and chief, Rick Yan.

U.S.-listed shares of 51job, which have fallen 6% after the first takeover attempt in September last year, were up 4.2% premarket. They had fallen 17.6% in 2020.

The firm's largest shareholder, Recruit Holdings Co, is also participating in the transaction, the company said.

Founded in 1998, 51job provides human resources services, including initial recruitment to employee retention and other career-related assistance, in China. (Reporting by Eva Mathews in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2021
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Financials
Sales 2021 4 112 M 636 M 636 M
Net income 2021 - - -
Net cash 2021 12 519 M 1 938 M 1 938 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 35 140 M 5 439 M 5 439 M
EV / Sales 2021 5,50x
EV / Sales 2022 4,69x
Nbr of Employees 8 431
Free-Float 51,3%
Chart 51JOB, INC.
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51job, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends 51JOB, INC.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 465,31 CNY
Average target price 402,95 CNY
Spread / Average Target -13,4%
Managers and Directors
Rick Yan President, CEO, Secretary & Director
Kathleen Chien Chief Operating and Financial Officer
David Katsujin Chao Chairman
Li-Lan Cheng Independent Director
Eric He Independent Director
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