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Overseas Chinese Town unit to buy E-House shares for HK$1.75B

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Overseas Chinese Town unit to buy E-House shares for HK$1.75B

Overseas Chinese Town (Asia) Holdings Ltd. unit City Legend International Ltd. agreed to buy 73,371,900 investor shares of E-House (China) Holdings Ltd. for up to HK$1.75 billion.

Chinese real estate company E-House offered the shares in a domestic offering and an international offering in order to be listed on the main board of the Hong Kong stock exchange.

City Legend will buy the shares being offered in the international offering, and will pay the amount the day E-House shares are listed on the stock exchange.