E-House China Cuts Ties With Underperforming Leju VIE Units Amid Property Slump
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E-House (China) Enterprise Holdings Limited has terminated its contractual arrangements with underperforming units, Beijing Yisheng Leju Information Services and Shanghai Leju Hao Fang, due to a downturn in China's real estate market. This decision means these units will no longer be consolidated into E-House's financial results. The company aims to scale back underperforming operations while retaining core capabilities. The latest analyst rating for E-House stock is a Hold with a price target of HK$0.08, and the stock has seen a year-to-date performance decline of 5.48%.
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