E-Home Household Service Holdings (EJH) said Wednesday that it plans to merge with and acquire Fuzhou Yunding Mutual Chain Information Technology, a provider of artificial intelligence access control system and intelligent community services in China.
Financial details weren't disclosed.
The proposed transaction will help E-Home improve its market competitiveness and enter the AI industry and smart community service, the company said.
Shares of E-Home were down nearly 8% in recent Wednesday trading.
Price: 0.89, Change: -0.08, Percent Change: -7.92
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments