Seek
(ASX:SEK) has received proceeds from the completion of its Zhaopin merger transaction.
The total proceeds are US$176 million comprising US$64 million from special dividends and US$112 million in capital return.
As part of the merger, Zhaopin’s US depositary shares have been suspended from trading and opened on the New York Stock Exchange earlier this week.
Zhaopin is a Chinese-based career platform connecting users with job opportunities.
The company has over 140 million registered users and posted more than 49 million job postings last financial year.
Shares in Seek
(ASX:SEK) are trading 0.58 per cent higher to $16.55.
