E-House (China) Enterprise Holdings Limited (SEHK:2048) entered into an agreement to acquire an additional 18% stake in Leju Holdings Limited (NYSE:LEJU) from SINA Corporation (NasdaqGS:SINA) for $93.6 million on July 31, 2020. E-House (China) Holdings Limited agreed to acquire 24.43 million ordinary shares and 36,687 ADSs for which E-House (China) Holdings Limited allot and issue 78.67 million consideration shares to SINA Corporation. In the related transactions, E-House (China) Holdings Limited entered into an agreement to acquire an additional 36.5% stake in Leju Holdings Limited (NYSE:LEJU) from Zhou Xin for $198.5 million on July 31, 2020, And On July 31, 2020, E-House (China) Holdings Limited also entered into a share subscription agreement. Upon completion of the transactions, Leju Holdings Limited will become a subsidiary of E-House (China) Holdings Limited.

The transaction is subject to approval of shareholders of E-House (China) Holdings Limited and approval of the Stock Exchange of Hong Kong Limited. If the conditions precedent are not satisfied or waived on or before October 31, 2020, the transaction shall terminate unless the parties agree to extend such date. Christopher Betts of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to the E-House (China) Holdings in the transaction.