SINGAPORE: HRnetGroup Limited has acquired 11.67 million shares of Staffline Group at a price of 180 pence for a total cash consideration of £21.009 million.
Following the acquisition, HRnetGroup’s total holding in Staffline has increased to 17.154 million shares representing 24.89% of the total voting rights of Staffline.
The transactions will be funded through internal resources and are not expected to have any material effect on the earnings per share or net tangible assets per share of the HRnetGroup for the financial year ending 31 December 2019.