HRnetGroup
HRnetGroup, listed on Singapore Exchange Limited ( CHZ.SI ), is an international recruitment firm delivering talent acquisition, performance consultancy, soft skills development, payroll processing, and graduate training services. HRnetGroup provides professional recruitment and flexible staffing to finance, industrial, FMCG, retail, and technology, sector around the globe.[1][2][3][4]
About[edit]
HRnetGroup was founded in 1992 by Peter Sim, a former human resources director at Thomson Consumer Electronics and Honeywell. HRnetGroup started off as a 4-person team. The first overseas office of the HRnetGroup was opened in Kuala Lumpur in 1994. Today, HRnetGroup has over 900 consultants based across Singapore, Kuala Lumpur, Bangkok, Indonesia, Hong Kong, Taipei, Beijing, Guangzhou, Shanghai, Shenzhen, Suzhou, Tokyo and Seoul.[1],[5][6][7][8]
HRnetGroup is the largest shareholder of AIM-listed Staffline Group, largest recruitment firm of UK, holding 29.9% of the company.[9][10] The company acquired 51 per cent stake in REForce (Shanghai) Human Resources Management Consulting in 2018.[11][12] HRNetGroup founded RecruitFirst (Taiwan) Pte Ltd (RFTPL) in 2019.[13]
Expansion & Acquisitions[edit]
HRnetGroup is the largest shareholder of AIM-listed Staffline Group, one of the largest blue-collar staffing firms in the UK, holding 29.9% of the company.[14][15]
In February 2018, HRnetGroup Limited made a strategic investment in Glints.[16]
The company acquired 51 per cent stake in REForce (Shanghai) Human Resources Management Consulting in 2018.[17][18] HRNetGroup founded RecruitFirst (Taiwan) Pte Ltd (RFTPL) in 2019.[19]
Growth and funding[edit]
In 2016, Heliconia Capital, a unit of Singapore investment firm Temasek Holdings, invested in HRnetGroup.[20]
In June 2017, HRnetGroup raised S$174m on the Singapore Exchange from institutional and other investors including Aberdeen Asset Management Asia Limited, Affin Hwang Asset Management Berhad, Credit Suisse AG, Singapore Branch, and Credit Suisse AG, Hong Kong Branch, FIL Investment Management (Hong Kong) Limited, Meiji Yasuda Asset Management Company Ltd., TechnoPro Holdings, Inc., and en-Japan Inc.[21][22][23]
HRnetGroup reported revenue of S$319.9 for FY 2017 and S$428.5 for the FY 2018. 11 In 2018 the company’s full-year profit climbed 16.6% to $48.2m as compared to FY 2017.12 In 2019 company’s net profit grew 7.1% to S$51.6 million as compared to FY 2018.13
Awards[edit]
In 2018, HRnetGroup won “The Enterprise Award” at the Singapore Business Awards, organized by The Business Times and DHL.[24][25][26]
References[edit]
- ↑ 1.0 1.1 Lee, Marissa (2018-04-26). "An Asian champion with an understated, process-driven culture". The Business Times. Retrieved 2020-12-21.
- ↑ hermes (2017-06-19). "She's all about people, people, people". The Straits Times. Archived from the original on 2018-03-21. Retrieved 2020-12-21. Unknown parameter
|url-status=ignored (help) - ↑ Editorial, Reuters. "HRNE.SI - Hrnetgroup Ltd Profile | Reuters". www.reuters.com. Retrieved 2020-12-21.
- ↑ https://www.technoproholdings.com/en/wp-content/uploads/2017/05/release20170529_01en.pdf
- ↑ Tan, Melissa (2017-06-12). "Beginning the day with workouts to keep staff healthy". SGSME.SG. Retrieved 2020-12-21.
- ↑ Jacky, C. S. (2018-03-11). "7 Key Things to Know About HRnetGroup Ltd". Value Invest Asia. Retrieved 2020-12-21.
- ↑ "Who Are The Major Shareholders In HRnetGroup Limited (SGX:CHZ)?". simplywall.st. Retrieved 2020-12-21.
- ↑ Ngoh, Yi Sin (2018-09-25). "HRnetGroup Limited. Best candidate in town" (PDF). CGS-CIMB Research, company reports.
- ↑ https://www.morningstar.com/uk/news/AN_1564594120085896700/hrnetgroup-ups-stake-in-staffline-with-further-share-buys.aspx[dead link]
- ↑ "HRNetGroup goes to Europe with 25% stake acquisition in UK firm". The Edge Markets. 2019-08-06. Retrieved 2020-12-21.
- ↑ hermes (2018-06-12). "HRnetGroup in deal to acquire REForce stake". The Straits Times. Retrieved 2020-12-21.
- ↑ "Singapore – HRnetGroup completes acquisition of China-based REForce". www2.staffingindustry.com. Retrieved 2020-12-21.
- ↑ Heng, Janice (2019-03-21). "HRNetGroup to set up Taiwan branch". The Business Times. Archived from the original on 2020-10-24. Retrieved 2020-12-21. Unknown parameter
|url-status=ignored (help) - ↑ https://www.morningstar.co.uk/uk/news/AN_1564594120085896700/hrnetgroup-ups-stake-in-staffline-with-further-share-buys.aspx
- ↑ "HRNetGroup goes to Europe with 25% stake acquisition in UK firm". The Edge Markets. 2019-08-06. Retrieved 2021-02-04.
- ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2021-03-06.
- ↑ hermes (2018-06-12). "HRnetGroup in deal to acquire REForce stake". The Straits Times. Retrieved 2021-02-04.
- ↑ "Singapore – HRnetGroup completes acquisition of China-based REForce". www2.staffingindustry.com. Retrieved 2021-02-04.
- ↑ Heng, Janice (2019-03-21). "HRNetGroup to set up Taiwan branch". The Business Times. Archived from the original on 2020-10-24. Retrieved 2021-02-04. Unknown parameter
|url-status=ignored (help) - ↑ "Temasek arm Heliconia makes investment in HR recruitment firm HRnetGroup". DealStreetAsia. Retrieved 2021-03-06.
- ↑ hermes (2017-05-30). "HRnetGroup readies for $175m IPO". The Straits Times. Archived from the original on 2021-02-14. Retrieved 2021-02-04. Unknown parameter
|url-status=ignored (help) - ↑ Tan, Melissa (2017-06-08). "HRnetGroup seeks to raise S$174m with IPO at S$0.90 per share". The Business Times. Archived from the original on 2018-11-12. Retrieved 2021-02-04. Unknown parameter
|url-status=ignored (help) - ↑ "Singapore – HRnetGroup full year revenue and profits climb". www2.staffingindustry.com. Retrieved 2021-02-04.
- ↑ "Winners (2017) | Singapore Business Awards". www.sbawards.com.sg. Archived from the original on 2020-07-24. Retrieved 2021-02-04. Unknown parameter
|url-status=ignored (help) - ↑ "Archived copy". Archived from the original on 2021-02-08. Retrieved 2021-02-04. Unknown parameter
|url-status=ignored (help)CS1 maint: Archived copy as title (link) - ↑ "Human capital consultancy HRnetGroup wins Singapore Business Award". www.consultancy.asia. 2018-04-29. Retrieved 2021-02-04.
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