Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. HRnetGroup Limited
  6. News
  7. Summary
    CHZ   SG1DH2000003

HRNETGROUP LIMITED

(CHZ)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Asset Acquisitions and Disposals::Announcement pursuant to Rule 704(17)(b) of the Listing Manual of the SGX-ST

08/11/2021 | 07:26am EDT

HRNETGROUP LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 201625854G)

ANNOUNCEMENT PURSUANT TO RULE 704(17)(b) OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (THE "LISTING MANUAL")

The Board of Directors of HRnetGroup Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that the Group has acquired quoted securities through several transactions during the period from 17 October 2019 to the date of this announcement that resulted in the Group's aggregate cost of investment in quoted securities exceeding 25% of the Group's latest audited consolidated net tangible assets (the "Acquisitions"), further details of which are set out below:

Before the

After the

Acquisitions

Acquisitions

Aggregate cost of the Group's quoted

79.08

88.30

investments (S$' million)

Aggregate cost of the Group's quoted

24.32%

27.16%

investments as a percentage of the latest

audited consolidated net tangible assets of

the Group as at 31 December 2020(1)

Total market value of the Group's quoted

52.87

59.54

investments (S$' million)

Amount of any provision for diminution in

NIL

NIL

value of quoted investments (S$' million)

Note:

  1. The audited consolidated net tangible assets of the Group as at 31 December 2020 was S$325.1 million.

BY ORDER OF THE BOARD

Sim Yong Siang

Founding Chairman

11 August 2021

Disclaimer

HRnetGroup Ltd. published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 00:45:02 UTC.


© Publicnow 2021
All news about HRNETGROUP LIMITED
08/13Tranche Update on HRnetGroup Limited's Equity Buyback Plan announced on August 18, 2020..
CI
08/13Hrnetgroup Limited Reports Earnings Results for the Half Year Ended June 30, 2021
CI
08/11ASSET ACQUISITIONS AND DISPOSALS : :Announcement pursuant to Rule 704(17)(b) of the Listin..
PU
07/28HRNETGROUP : to Transfer Over 1 Million Shares for Additional Stake in Two Subsidiaries
MT
07/27GENERAL ANNOUNCEMENT : :Issuance of 1,101,253 ordinary shares
PU
06/06HRNETGROUP : to Increase Stake in Two Subsidiaries
MT
06/06ASSET ACQUISITIONS AND DISPOSALS : :acquisition of shares in subsidiaries pursuant to the ..
PU
04/21HRnetGroup Limited Approves Final Tax Exempt (One-Tier) Dividend for the Financial Year..
CI
04/21HRnetGroup Limited's Equity Buyback announced on August 18, 2020, has expired with 131,..
CI
04/06Tranche Update on HRnetGroup Limited's Equity Buyback Plan announced on August 18, 2020..
CI
More news
Financials
Sales 2021 535 M 398 M 398 M
Net income 2021 59,5 M 44,2 M 44,2 M
Net cash 2021 344 M 256 M 256 M
P/E ratio 2021 13,9x
Yield 2021 3,62%
Capitalization 828 M 616 M 616 M
EV / Sales 2021 0,90x
EV / Sales 2022 0,79x
Nbr of Employees 859
Free-Float 19,6%
Chart HRNETGROUP LIMITED
Duration : Period :
HRnetGroup Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HRNETGROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 0,83 SGD
Average target price 1,04 SGD
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Ah Eng Kang Chief Financial Officer
Yong Siang Sim Chairman
Boon Ann Sin Lead Independent Non-Executive Director
Su Ling Heng Independent Non-Executive Director
Ngiap Siew Tan Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
HRNETGROUP LIMITED51.38%616
RANDSTAD N.V.11.46%13 012
ROBERT HALF INTERNATIONAL INC.76.65%12 164
ADECCO GROUP AG-19.96%8 974
MANPOWERGROUP INC.17.51%6 135
PERSOL HOLDINGS CO., LTD.57.60%5 839