51job, Inc. Announces ADS Ratio Change
SHANGHAI, July 18, 2014 /PRNewswire/ — 51job, Inc. (Nasdaq: JOBS) (“51job” or the “Company”), a leading provider of integrated human resource services in China, announced today that the Company will change the ratio of its American depositary share (“ADS”) to common share from one (1) ADS to two (2) common shares to one (1) ADS to one (1) common share.
The record date for the ADS ratio change is July 31, 2014, at which time 51job’s ADS holders will be entitled to receive one additional ADS for every one ADS held at the close of business on that date (U.S. EDT). For 51job’s ADS holders, this ratio change will have the same effect as a 2-for-1 ADS split. There will be no change to 51job’s underlying common shares. Furthermore, no action by ADS holders is required to effect the ratio change. The effect of the ratio change on the ADS trading price is expected to take place on August 8, 2014 (U.S. EDT).
51job is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Through online recruitment services at http://www.51job.com and mobile applications, 51job enables enterprises to attract, identify and recruit employees and connects millions of job seekers with employment opportunities. 51job also provides a number of other value-added human resource services, including business process outsourcing, training, executive search and compensation and benefits analysis. 51job has a call center in Wuhan and a nationwide sales office network spanning 25 cities across China.