HONG KONG -- Tokyo blue-chip Recruit Holdings, one of Japan's biggest staffing services groups, faces a decision that could make or break a $4.39 billion bid to take former Chinese business ally 51job private and delist its shares from the Nasdaq Stock Market.
Recruit first invested in 51job in 2006 and still holds 34.8% of its Chinese counterpart, where a management-linked group put forward a renewed proposal on May 4 to acquire all outstanding shares of the company.
