HRnetGroup

From Wikipedia, the free encyclopedia

HRnetGroup is a recruitment company based in Singapore. The company operates in the areas of finance, industrial, FMCG,[clarification needed] retail, and technology.[clarification needed][1][2][3][4]

History[]

HRnetGroup was founded in 1992 by Peter Sim, a former human resources director at Thomson Consumer Electronics and Honeywell. The company began with four employees and the first overseas office was opened in Kuala Lumpur in 1994.[citation needed] As of 2018, the company had 809 employees and offices in China, Hong Kong, Indonesia, Japan, Malaysia, South Korea and Thailand.[1][5][6][7][8]

In 2016, Heliconia Capital, a unit of Singapore investment firm Temasek Holdings, invested in HRnetGroup.[9] In June 2017, HRnetGroup raised S$174m through an IPO on the Singapore Exchange, selling stocks for S$0.90 per share. from institutional and other investors including Affin Hwang Asset Management Berhad, Credit Suisse, and Fidelity International.[10][11][12] In 2019, the company founded a Taiwanese division called RecruitFirst.[13]

Investments and acquisitions[]

HRnetGroup holds a 14.47% share of voting rights for UK-based recruitment and training organisation Staffline Group.[14] HRnetGroup acquired a 51% stake in REForce (Shanghai) Human Resources Management Consulting in 2018.[15][16]

In 2018, the company invested US$378k in the recruitment website Glints.[17] The company acquired 51% stake in REForce (Shanghai) Human Resources Management Consulting in 2018.[18][19]

References[]

  1. ^ Jump up to: a b Lee, Marissa (2018-04-26). "An Asian champion with an understated, process-driven culture". The Business Times. Retrieved 2020-12-21.
  2. ^ hermes (2017-06-19). "She's all about people, people, people". The Straits Times. Archived from the original on 2018-03-21. Retrieved 2020-12-21.
  3. ^ Editorial, Reuters. "HRNE.SI - Hrnetgroup Ltd Profile | Reuters". www.reuters.com. Retrieved 2020-12-21.
  4. ^ https://www.technoproholdings.com/en/wp-content/uploads/2017/05/release20170529_01en.pdf
  5. ^ Tan, Melissa (2017-06-12). "Beginning the day with workouts to keep staff healthy". SGSME.SG. Retrieved 2020-12-21.[dead link]
  6. ^ Jacky, C. S. (2018-03-11). "7 Key Things to Know About HRnetGroup Ltd". Value Invest Asia. Retrieved 2020-12-21.
  7. ^ "Who Are The Major Shareholders In HRnetGroup Limited (SGX:CHZ)?". simplywall.st. Retrieved 2020-12-21.
  8. ^ Ngoh, Yi Sin (2018-09-25). "HRnetGroup Limited. Best candidate in town" (PDF). CGS-CIMB Research, company reports.
  9. ^ "Temasek arm Heliconia makes investment in HR recruitment firm HRnetGroup". DealStreetAsia. Retrieved 2021-03-06.
  10. ^ hermes (2017-05-30). "HRnetGroup readies for $175m IPO". The Straits Times. Archived from the original on 2021-02-14. Retrieved 2021-02-04.
  11. ^ Tan, Melissa (2017-06-08). "HRnetGroup seeks to raise S$174m with IPO at S$0.90 per share". The Business Times. Archived from the original on 2018-11-12. Retrieved 2021-02-04.
  12. ^ "Singapore – HRnetGroup full year revenue and profits climb". www2.staffingindustry.com. Retrieved 2021-02-04.
  13. ^ Heng, Janice (2019-03-21). "HRNetGroup to set up Taiwan branch". The Business Times. Archived from the original on 2020-10-24. Retrieved 2021-02-04.
  14. ^ "Singapore – HRnetGroup Discloses Change in Voting Rights Interest for Staffline". Staffing Industry Analysts. Retrieved 6 September 2021.
  15. ^ hermes (2018-06-12). "HRnetGroup in deal to acquire REForce stake". The Straits Times. Retrieved 2020-12-21.
  16. ^ "Singapore – HRnetGroup completes acquisition of China-based REForce". www2.staffingindustry.com. Retrieved 2020-12-21.
  17. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2021-03-06.
  18. ^ hermes (2018-06-12). "HRnetGroup in deal to acquire REForce stake". The Straits Times. Retrieved 2021-02-04.
  19. ^ "Singapore – HRnetGroup completes acquisition of China-based REForce". www2.staffingindustry.com. Retrieved 2021-02-04.
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