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HRnetGroup sanguine on Staffline play, profitability amid macro headwinds

It acquired a 29.95% stake in troubled UK firm Staffline last year, and is looking for more opportunities in the M&A field.

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"We are not interested in looking at companies where people want to sell out. It's more about co-owning, investing together and building it into something much bigger," says HRnetGroup executive director Adeline Sim.

WITH its large exposure to the labour market in Singapore and North Asia, recruitment specialist HRnetGroup is in the eye of the Covid-19 storm. But its executive director Adeline Sim plans to tide it over by tapping demand for flexible staffing, while hunting for M&A opportunities that...