Salt Recruitment Group Limited entered into asset sale agreement to acquire all issued shares in Rubicor Hong Kong Limited, Rubicor Group Pte Ltd and intellectual property and contracts of Xpand Group from Rubicor Group Limited and Xpand Group Pty Ltd.

Rubicor Group Limited is engaged in the provision of contracting and recruitment services over a diversity of industry sectors throughout Australia, New Zealand, Hong Kong and Singapore. The Company's segments include Australia, New Zealand and Other. The Australian and New Zealand segments supply recruitment services to the Australian and New Zealand geographical regions respectively. Other includes supplying recruitment services in Singapore, Hong Kong and the United Kingdom. It operates as a network of approximately 14 specialist recruitment brands. It offers search, selection, bulk recruitment, professional and support level contracting services and organizational development. It specializes in the provision of permanent and contract recruitment across the public and private sector, including digital, technology and media communications, medical, health and science, financial, professional and business services, legal, and business support and contact centers.