Online employment company SEEK (ASX:SEK) has doubled its stake in Malaysian-listed JobStreet Corporation for 70.9 million ringgit ($23.5 million).
SEEK lifted its stake in JobStreet to 21.3% from 10.1% with the purchase, paying around 2 ringgit per share.
JobStreet operates employment websites in the Southeast Asian region, with significant share in Malaysia, Singapore and the Philippines.
The company also has a holding in Taiwanese employment provider 104 Corp.
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