E-House Announces Receipt of Revised Non-Binding "Going Private" Proposal, $6.64/ADS

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E-House (China) Holdings Limited ("E-House" or the "Company")
EJ
, a leading real estate services company in China, today announced that its board of directors (the "Board") has received a revised non-binding proposal, dated November 2, 2015, from the consortium consisting of Mr. Xin Zhou, co-chairman of the Board and chief executive officer of E-House, Mr. Neil Nanpeng Shen, a member of the Board, and SINA Corporation (collectively, the "Consortium Members"), reaffirming the Consortium Members' interest in pursuing a "going private" transaction (the "Transaction") to acquire all of the outstanding ordinary shares of E-House not already owned by the Consortium Members or their respective affiliates for a revised cash consideration of US$6.64 per American depositary share. A copy of the proposal letter is attached hereto as Annex A. The independent committee of the Board (the "Independent Committee"), formed to consider the proposed Transaction, is evaluating this revised proposal. The Independent Committee cautions the Company's shareholders and others considering trading in the Company's securities that no decisions have been made by the Independent Committee with respect to the Company's response to the revised proposal. There can be no assurance that any definitive offer will be made, that any definitive agreement will be executed or that the Transaction 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.
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