51job, inc. enters into an amended merger agreement for going-private transaction

Shanghai, march 1, 2022 /prnewswire/ -- 51job , inc. ( nasdaq : jobs ) ("51job" or the "company"), a leading provider of integrated human resource services in china, announced today that it has entered into an amendment to its previously announced agreement and plan of merger dated as of june 21, 2021 (the "original merger agreement," and the original merger agreement as so amended, the "amended merger agreement") with garnet faith limited, an exempted company with limited liability incorporated under the law of the cayman islands ("merger sub"). pursuant to the amended merger agreement, and subject to the terms and conditions thereof, merger sub will merge with and into the company with the company being the surviving company (the "merger"), in a transaction implying an equity value of the company of approximately us$4.3 billion in which the company will be acquired by a consortium of investors (the "consortium").
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