On 25 November 2009 Peoplebank Australia Limited was removed from the official list of the ASX following compulsory acquisition of 100% of its shares by P.B. Recruitment Pty Ltd ACN 127 774 841.
The compulsory acquisition followed the off-market takeover bid announced on 11 August 2009 for all of the ordinary shares in Peoplebank Australia Ltd. The takeover bid closed successfully on 28 September 2009 at which time compulsory acquisition notices were issued. On 23 November 2009 the compulsory acquisition was completed.
P.B. Recruitment is associated with PB Australia Holdings Sdn Bhd (a wholly owned subsidiary of entities managed by Navis Capital Partners for Navis Fund V) and Mr Leon S. Lau, Managing Director of Peoplebank Australia Limited.
