HomeTrending StocksHow Is The 51job Stock Soaring On Early Trades Today?

How Is The 51job Stock Soaring On Early Trades Today?

Shares of leading provider of integrated human resource services in China 51job, Inc. (NASDAQ:JOBS) were up 12.02% at $68.70 during the early morning hours of trading today.

51job stock closed at $61.33 during the last session while hovering between $61.12 and $62.65 marks. The number of shares exchanged so far today is 324k against an average daily volume of 0.18 million for JOBS stock. After receiving a non-binding proposal letter, JOBS stock has gone up.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


What was the proposal?

51job was founded in 1998 and is one of the leading providers of integrated human resource solutions in China. Among the services that 51job provides are business process outsourcing, training, professional assessments, campus recruiting, executive search, compensation analysis, and executive search.

The 51job Board of Directors announced today that a consortium has reached an updated preliminary non-binding proposal letter in connection with the planned “going private” transaction.

  • The consortium consists of DCP Services Limited, Ocean Link Partners Limited, and Mr. Rick Yan, the Chief Executive Officer of the Company.
  • Under the Group’s proposed acquisition plan, the Consortium would pay US$79.05 in cash for all the outstanding common shares of the 51job.
  • In keeping with the original details of the Proposed Transaction, the Consortium was formed in September 2020 upon the submission by DCP of a preliminary non-binding proposal letter to JOBS.
  • This proposal is an update to the preliminary non-binding proposal letter.

What does the 51job offer?

With a complete HR suite, 51job (JOBS) meets the needs of enterprises and job seekers in all phases of talent acquisition, retention, and development. Millions of people are connected with employment opportunities through JOBS’ online recruitment platforms and mobile applications every day.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam