HRnetGroup Reorganizes Subsidiary Stakes and Liquidates SPV2

Reuters
Feb 25
HRnetGroup Reorganizes Subsidiary Stakes and Liquidates SPV2

HRnetGroup Ltd. said it incorporated a 60%-owned subsidiary, RecruitFast (Kunshan) Human Resources Co., Ltd., with registered share capital of S$0.4 million, and liquidated subsidiary SPV2 Pte Ltd following a members’ voluntary liquidation. The group also increased its deemed interests in PeopleSearch (Taiwan) Pte Ltd’s Division 1 and Division 2 by 5.33 percentage points each, for total cash consideration of S$0.68 million.

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