A fund under Seek has sold assets worth over 1 billion Australian dollars, and the company plans to return part of the proceeds to shareholders.

智通财经2026/08/12 00:56

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Seek CEO Ian Narev stated that the company's growth fund, which holds nearly 84% of the shares, plans to sell assets worth over 1 billion Australian dollars (approximately 706 million US dollars). The transaction is expected to be completed before the end of December.
While the fund will reinvest in new investment opportunities, Seek plans to return part of the proceeds to shareholders in order to fulfill its goal of “creating long-term value for all investors.”
As a result of this news, Seek’s stock price fell by 13% during early trading on the Australian Securities Exchange.

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A fund under Seek has sold assets worth over 1 billion Australian dollars, and the company plans to return part of the proceeds to shareholders.

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