Zhitong Financial APP learned that E-House Enterprise Holdings (02048) closed up more than 47 per cent yesterday and rose more than 17 per cent in morning trading. As of press time, it rose 16.58% to HK $2.18, with a turnover of HK $61.636 million.
On the news side, E-House Enterprise Holdings announced that the sale and purchase agreement and subscription for the acquisition of the joint venture TM Home Limited had been completed on November 24. after completion, the joint venture was held by E-House and Alibaba Investment by about 70.23% and 29.77%, respectively. As a result, the joint venture becomes a non-wholly owned subsidiary of E-House and its financial results will be incorporated into E-House's accounts.