E-Home Household Svc Hldgs Ltd Stock Price, News & Analysis

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced an acquisition of 51% equity interests in Fuzhou Sijie Cleaning Service Co., Ltd. This acquisition aims to expand E-Home's services into the public cleaning market, enhancing its operational capabilities. The partnership is expected to leverage E-Home's brand reputation to accelerate growth in high-end cleaning services. Sijie Cleaning provides comprehensive cleaning services, including environmental testing and formaldehyde treatment, and has established long-term partnerships with notable clients.

E-Home Household Service Holdings Limited (Nasdaq: EJH) provided a corporate update in a letter to shareholders from Chairman and CEO Wenshan Xie. The company reported a strong fiscal 2021 with revenue increasing by 61.31% to $74.53 million and a net income rise of 13.44% to $6.41 million. E-Home is focusing on expanding its integrated household services, including senior care, amid a growing market valued at approximately $137.2 billion. Recent acquisitions aim to enhance their service capabilities. The dissolution of their variable interest entity (VIE) structure is expected to improve transparency for shareholders.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced the acquisition of 100% equity interests in two variable interest entities (VIEs), Fuzhou Bangchang Technology Co. Ltd. and Pingtan Comprehensive Experimental Area E Home Service Co., Ltd., from their shareholders. This move is expected to improve governance and transparency for shareholders. The purchase options were exercised on October 18, 2021, following prior agreements made in February 2019. The transactions will close once applicable government registrations are completed.

E-Home Household Service Holdings Limited (Nasdaq: EJH) has announced the acquisition of a 51% equity interest in Fuzhou Sijie Cleaning Service Co., Ltd. for cash. This acquisition enhances E-Home's capabilities in the household and public cleaning markets, aiming to integrate their existing services with Sijie Cleaning's offerings. Sijie Cleaning specializes in high-end cleaning and has established partnerships with notable venues, including Fuzhou Lakeside Hotel. This strategic move aligns with E-Home's growth strategy and enhances its competitive position in the market.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced several acquisitions to enhance its household services in China. These include acquiring 33% of Fujian Happiness Yijia Family Service Co., Ltd., 100% of Fujian Jin Ri Dao Jia Technology Co., Ltd., and 55% of both Fujian Zhi Xie Education Technology Development Co., Ltd. and Fuzhou Ju Shang Enterprise Management Consulting Co., Ltd. The acquisition of these stakes is expected to improve E-Home's service offerings and align with the rising demand for child care and household services due to the recent three-child policy.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced its acquisition of Danyang Situ Fengyi Farm to enhance its senior care services. The Farm, spanning 74 acres, will be transformed into a senior care villa integrating smart technology and recreation. This strategic move aims to expand E-Home's offerings, targeting seniors over 65 with short and long-term care. The acquisition underscores E-Home's commitment to improving service quality through in-house training for caregivers, bolstering its presence in the senior care market.

E-Home Household Service Holdings Limited (Nasdaq: EJH) announced its affiliated entity, Fuzhou Fumao Health Technology Co. Ltd., will acquire 100% of Fuzhou Gulou Jiajiale Family Service Co. Ltd. The acquisition aims to boost EJH's competitiveness in the household services market, especially in light of China's recent three-child policy. Jiajiale, established in 2004, is recognized for its quality household services, having received accolades for its reputable services.

E-Home Household Service Holdings Limited, based in Fuzhou, China, has successfully closed its initial public offering (IPO) of 5,555,556 ordinary shares at a price of $4.50 per share, generating total gross proceeds of $25 million. The IPO was finalized on May 18, 2021, with shares commencing trading on May 14, 2021 under the symbol EJH. Joseph Stone Capital, LLC led the underwriting process, and an over-allotment option was partially exercised for an additional 20,000 shares. This funding aims to bolster the Company's integrated household services offerings.

E-Home Household Service Holdings Limited has announced the pricing of its initial public offering (IPO) of 5,555,556 ordinary shares at $4.5 per share, aiming to raise approximately $25 million in gross proceeds. The shares will trade on the Nasdaq under the ticker symbol EJH, with trading expected to commence on May 14, 2021. The funds will be utilized for product development, marketing, and general corporate purposes, enhancing the company's operational capacity. The offering is set to close around May 18, 2021.