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E-House (China) Holdings: E-House Announces Receipt Of Revised Non-Binding Going Private Proposal

The following excerpt is from the company's SEC filing.

Shanghai, China, November 3, 2015 E-House (China) Holdings Limited (E-House or the Company) (NYSE: 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 acq uire 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 Companys shareholders and others considering trading in the Companys securities that no decisions have been made by the Independent Committee with respect to the Companys 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.

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-Houses beliefs and expectations, are forward-looking statements and are...