HRnetGroup is the largest Asia-based recruitment agency in Asia Pacific (excluding Japan), as compared to other key players within the professional recruitment and flexible staffing industry with presence in Asia Pacific, according to Frost & Sullivan.
As at 31 December 2016, the company operates in 10 Asian growth cities, namely, Singapore (where our headquarters are located), Kuala Lumpur, Bangkok, Hong Kong, Taipei, Guangzhou, Shanghai, Beijing, Tokyo and Seoul.
As at the Latest Practicable Date, it operates and manages its business primarily as two operating segments, namely flexible staffing and professional recruitment.
Both segments serve close to 30 diversified sectors, covering a wide spectrum of industries, including financial institutions, retail and consumer, information technology and telecommunications, manufacturing, healthcare life science, insurance and logistics, and functions such as human resources, finance and accounting, and legal and compliance.
The company also offers other services, such as payroll processing, HR consulting and corporate training.
As at 31 December 2016, it counted over 2,000 clients, including 104 Fortune 500 clients, as part of its client base.
Major clients include Samsung Asia, Master Kong, Bundwealth, Seibu Holdings, Olympus, Fubon Bank, Gardens by the Bay and Acer.
HRnetGroup IPO details
|Subscription Dates||8 – 14 June 2017|
|Price Band||SGD0.90 per share|
|Placement Size||85,682,000 shares (SGD77.11 million)|
|Public Offer||3,800,000 shares (SGD3.42 million)|
|Total IPO size||89,482,000 shares (SGD80.53 million)|
|Listing On||SGX mainboard|
HRnetGroup’s financial performance (in SGD mil.)
|Profit after tax||33.3||38.2||41.1|
Major shareholders in HRnetGroup
|Beneficial owner||Number of shares||% of shares before the IPO|
Source: HRnetGroup’s Prospectus
391A Orchard Road #23-06 Ngee Ann City Tower A,
Singapore 238 873
Phone: +65 6738 6188
Earnings Per Share (EPS): SGD5.35
Price/Earnings (P/E) ratio: 16.8
Book Value: SGD0.109 per share
IPO Dates: 8 – 14 June 2017
Listing Date: 16 June 2017
Listing Price on SGX: SGD0.925 per share (premium of 2.8% on IPO price)
Closing Price on SGX: SGD0.90 per share (no change from IPO price)