SHANGHAI, Aug. 5, 2016 /PRNewswire-FirstCall/
-- E-House (China) Holdings
Limited ("E-House" or the "Company") (NYSE: EJ), a leading real
estate services company in China,
today announced that, at an extraordinary general meeting held
today, the Company's shareholders voted in favor of the proposal to
authorize and approve the previously announced agreement and plan
of merger dated April 15, 2016 (the
"Merger Agreement") by and among E-House Holdings Ltd. ("Parent"),
E-House Merger Sub Ltd. ("Merger Sub") and the Company, the plan of
merger required to be filed with the Registrar of Companies of the
Cayman Islands, substantially in
the form attached to the Merger Agreement (the "Plan of Merger"),
and the transactions contemplated thereby (including the Merger, as
defined below).
Of those shares voted at the meeting, approximately 89.79% were
voted in favor of the proposal to authorize and approve the Merger
Agreement, pursuant to which Merger Sub will be merged with and
into the Company with the Company continuing as the surviving
company and becoming a wholly owned subsidiary of Parent (the
"Merger"), the Plan of Merger and the transactions contemplated
thereby, including the Merger.
The parties currently expect that the Merger will close in
August 2016, subject to the
satisfaction or waiver of the conditions set forth in the Merger
Agreement. Upon the completion of the Merger, the Company will
become a privately held company, and its American depositary
shares, each representing one ordinary share of the Company, will
no longer be listed on the New York Stock Exchange.
About E-House
E-House (China) Holdings
Limited ("E-House") (NYSE: EJ) is China's leading real estate services company
with a nationwide network covering more than 260 cities. E-House
offers a wide range of services to the real estate industry,
including real estate online services through our 70%-owned
subsidiary, Leju Holdings Limited (NYSE: LEJU), primary sales
agency, secondary brokerage, information and consulting, offline
advertising and promotion, real estate investment management and
financial services, and mobile community value-added services.
E-House has received numerous awards for its innovative and
high-quality services, including "China's Best Company" from the National
Association of Real Estate Brokerage and Appraisal Companies and
"China Enterprises with the Best Potential" from Forbes. For more
information about E-House, please visit
http://www.ehousechina.com.
Safe Harbor: Forward-Looking Statements
This press release contains statements that express the
Company's current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results and therefore are, or may be deemed to be,
"forward-looking statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 (the "Act"). These
forward-looking statements can be identified by terminology such as
"if," "will" and similar statements. Forward-looking statements
involve inherent risks, uncertainties and assumptions. Risks,
uncertainties and assumptions include: the possibility that
financing may not be available; the possibility that various
closing conditions for the transaction may not be satisfied or
waived; and other risks and uncertainties discussed in documents
filed with the SEC by the Company, including the Schedule 13E-3
transaction statement and the proxy statement filed by the Company.
These forward-looking statements reflect the Company's expectations
as of the date of this press release. You should not rely upon
these forward-looking statements as predictions of future events.
The Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries please contact:
Investor Relations Department
E-House (China) Holdings
Limited
Phone: +86 (21) 6133-0809
E-mail: ir@ehousechina.com
Mr. Derek Mitchell
Ogilvy Financial
In the U.S.: +1 (646) 867-1888
In China: +86 (10)
8520-6139
E-mail: ej@ogilvy.com
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SOURCE E-House (China) Holdings
Limited