Xurpas Intensifies HR Tech Push

Makati—(PHStocks)—Xurpas Inc. (PSE: X) has acquired a 23.53% stake in Micro Benefits Ltd at a price of $10 million. Micro Benefits is a Hong Kong-based company providing innovative mobile HR solutions to Fortune 500 companies in China, through its wholly-owned subsidiary, Micro Benefits Financial Consulting (Su Zhou) Co. Ltd.

Micro Benefits’ proprietary “Company Link” platform is used by close to 700,000 of its clients’ employees, and by improving worker engagement, has been proven to reduce turnover by as much as 15%. Micro Benefits’ current roster of clients includes FORTUNE 500 firms engaged in technology and consumer electronics, athletic footwear and sports equipment and other large companies with manufacturing facilities in China.