E-Home Household Service Holdings Limited (EJH) shares have gained 2.73% at $0.975 in Friday’s early session. E-Home (EJH) stock subtracted -3.15% to finish the last trading session at $0.95. The EJH stock recorded a trading volume of 6.13 million shares, which is below the average daily trading volume published for the last 50 days of 1.52M shares. EJH stock is gaining momentum as the company has struck a couple of equity acquisition deals.
EJH is securing from whom?
E-Home (EJH) is a family administration organization situated in Fuzhou, China. The Company, through its site and WeChat stage, gives coordinated family benefits, including machine establishment and upkeep, housekeeping administrations, and Internet-based home and senior consideration.
E-Home (EJH) today reported that the Company and its completely claimed auxiliary E-Home (Pingtan) Home Service Co., Ltd. (“E-Home Pingtan”), have gone into an Equity Transfer Agreement (the “Understanding A”) with Putian YouYou Cleaning Co., Ltd. (“YouYou”) and its singular investor. EJH inked the arrangement to get 60% of the value interests in YouYou from Wang Guoqing, who holds 100 percent of the value interests of YouYou, an expert cleaning and property management organization in China.
In the meantime, E-Home (EJH) and E-Home Pingtan have likewise gone into another Equity Transfer Agreement (the “Arrangement B”) with Shenzhen Chinese Enterprises Industrial LianBao Appliance Service Co., Ltd. (“LianBao”) and its investors (altogether, the “Sellers”). EJH’s this understanding is to secure 40% of the value interests in LianBao from the Sellers, a Chinese domestic device administration firm.
How EJH will pay for Agreement A?
Compliant with Agreement A, Mr. Wang will move 60% value interests in YouYou to E-Home Pingtan for an all-out thought of RMB36 million. E-Home (EJH) will pay RMB4 million in real money and the leftover RMB32 million will be paid as issuance of 2,702,826 common shares. EJH will give those shares at a for each offer issuance value equivalent to 120% of the normal of the Nasdaq shutting cost for 20 sequential exchanging days going before January 11, 2022, or $1.86. YouYou detailed income of RMB25 million and net benefit of RMB2.25 million during the monetary year finished December 31, 2021.
How E-Home will pay the seller for Agreement B?
The Sellers will move 40% value interests in LianBao to E-Home Pingtan to guarantee that the last option selects somewhere around 66% of the board individuals at LianBao, according to Agreement B. The thought for the value move will be paid by E-Home (EJH) as issuance of an aggregate of 5,823,363 common stock. EJH will give those not entirely settled by the remainder of isolating the price tag of RMB63.2 million (around $9.93 million) by the per-share value equivalent to every available ounce of effort of the normal of the Nasdaq shutting cost for the sequential twenty exchanging days going before January 11, 2022, or $1.705.
