Financial Services Industry
Industry: Email Alert RSS FeedRecruiter in China Launches ADRs
Global Finance, Nov 2004
JPMorgan Chase announced the launch in October of an American depositary receipt program for Sljob, a Shanghai-based company that operates an online recruitment and human resources business in China.
The ADR program was launched in conjunction with 5!job's $84.5 million initial public offering.
Each ADR is equivalent to two common shares. The ADRs trade on Nasdaq.
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The company plans to use the proceeds of the offering to upgrade its technology and for possible acquisitions.
Copyright Global Finance Media Inc. Nov 2004
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