SHANGHAI, July 3, 2015 /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 the independent special committee of the
Company's Board of Directors (the "Independent Committee") has
retained Duff & Phelps, LLC as its financial advisor and
Davis Polk & Wardwell LLP as its legal counsel in
connection with its review and evaluation of the non-binding
proposal letter, dated June 9, 2015, from a buyer group
proposing a going-private transaction to acquire all of the
outstanding ordinary shares of the Company not already owned by
them. The buyer group proposing the going-private transaction is
represented by Skadden, Arps, Slate, Meagher & Flom.
The Independent Committee currently consists of four
independent, disinterested directors, Mr. Winston Li, Mr. Bing Xiang, Mr. Hongchao Zhu and Mr. Jeffrey Zhijie Zeng. Mr. David Jian Sun is no longer on the Independent
Committee for personal reasons.
The board of directors cautions the Company's shareholders and
others considering trading in its securities that no decision has
been made on the response to the proposal letter. There can be no
assurance that any definitive offer will be made, that any
agreement will be executed or that this or any other transaction
will be approved or consummated. The Company does not undertake any
obligation to provide any updates with respect to this or any other
transaction, except as required under applicable law.
Safe Harbor: Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of
Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "may," "intend,"
"confident," "is currently reviewing," "it is possible," "subject
to" and similar statements. E-House may also make written or oral
forward-looking statements in its reports filed or furnished with
the U.S. Securities and Exchange Commission, including Forms 20-F
and 6-K, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including statements about E-House's
beliefs and expectations, are forward-looking statements and are
subject to change. Forward-looking statements involve inherent
risks and uncertainties. A number of important factors could cause
actual results to differ materially from those contained, either
expressly or impliedly, in any of the forward-looking statements in
this press release. Potential risks and uncertainties are outlined
in E-House's filings with the U.S. Securities and Exchange
Commission. All information provided in this press release is
current as of the date of this press release, and E-House does not
undertake any obligation to update any such information, except as
required under applicable law.
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 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.
For investor and media inquiries please contact:
In China:
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