Monster Worldwide Inc., parent company of online job recruitment company Monster, has acquired a 40% stake in ChinaHR.com Holdings Ltd, for U.S. $50 million.
ChinaHR.com has approximately 3.2 million registered users and more than 280,000 corporate clients.
As a result of the transaction, Monster Worldwide will initially occupy three of seven seats on ChinaHR’s board of directors. Monster Worldwide will also have certain rights and obligations to acquire a 51% or more interest in ChinaHR in the event of an initial public offering or 3 years, whichever comes first.
Network
