BRIEF-E-House (China) Enterprise Updates On Implementation Of Restructuring, Completion Of Rights Issue

Reuters02-26

Feb 26 (Reuters) - E-House (China) Enterprise Holdings Ltd :

* UPDATE ON IMPLEMENTATION OF RESTRUCTURING AND COMPLETION OF RIGHTS ISSUE

* HAVE BEEN IN TALKS WITH A PRC BANK TO RELEASE SHANGHAI CRIC FROM CERTAIN GUARANTEE OBLIGATIONS PROVIDED

* AS OF FEB 26, ABOUT RMB436 MILLION REMAINS OUTSTANDING UNDER BORROWING ARRANGEMENT

* WILL TAKE ALL NECESSARY STEPS TO RESOLVE ANY OUTSTANDING ISSUES WITH PRC BANK AND PRIOR TO LONGSTOP DATE OF 31 MARCH 2024

* CURRENTLY CONSIDERING IMPACT ON RESTRUCTURING AND RIGHTS ISSUE IF AGREEMENT CANNOT BE REACHED WITH PRC BANK

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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