51job, inc. announces update on going-private transaction

Shanghai, nov. 8, 2021 /prnewswire/ -- 51job , inc. ( nasdaq : jobs ) ("51job", or the "company"), a leading provider of integrated human resource services in china, announced today that certain members of the buyer consortium that formed garnet faith limited to acquire the company (the "proposed transaction") pursuant to the previously announced agreement and plan of merger dated as of june 21, 2021, have been in consultation with chinese regulators on recent regulatory changes in china that may be applicable to the company and the proposed transaction. the consultation process by these buyer consortium members is currently ongoing and a clear timeline to its completion cannot be provided at this time.
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