Century 21 China Real Estate Announces $25M Strategic Investment from E-House and Company Founders

IFM Investments Limited (NYSE: CTC) today announced that it has signed a non-binding term sheet with E-House (China) Holdings Limited (NYSE: EJ) and the Company's founders, under the terms of which Century 21 China Real Estate will issue approximately 960 million new Class A ordinary shares to E-House and the founders of Century 21 China Real Estate at $0.0267 per share, or $0.40 per American depositary share. Each ADS represents 15 ordinary shares of CTC.