Business
E-Home Household Service Holdings Limited Announces Market Effective Date for Share Consolidation
FUZHOU, China, Sept. 22, 2023 /PRNewswire/ -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the "Company" or "E-Home"), a provider of integrated
About this update from E-home Household Service Holdings Limited
[{"type":"text","content":"FUZHOU, China, Sept. 22, 2023 /PRNewswire/ -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the \"Company\" or \"E-Home\"), a provider of integrated household services in China, today announced that, further to the Company's press release on September 21, 2023 related to an one (1) for ten (10) share consolidation of its issued and unissued ordinary shares (the \"Share Consolidation\") that was approved at the Extraordinary General Meeting of Shareholders held on September 15, 2023, the Company's ordinary shares will begin to trade on the NASDAQ Stock Market on the post-consolidation basis under the symbol \"EJH\" on September 25, 2023. The new CUSIP number for the Company's ordinary shares post-consolidation is G2952X120.\n\nThe Company's shareholders will receive one post-consolidation ordinary share for every ten pre-consolidation ordinary shares held by them. Immediately after the Share Consolidation, each shareholder's percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares. The rights of the holders of ordinary shares will be substantially unaffected by the Share Consolidation. No fractional shares will be issued in connection with the Share Consolidation, and all such fractional shares will be rounded up to the nearest whole number of shares following or as a result of the Share Consolidation. Shareholders who are holding their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Share Consolidation will automatically be reflected in their brokerage accounts.\nAbout E-Home Household Service Holdings Limited\nEstablished in 2014, E-Home Household Service Holdings Limited is a Nasdaq-listed household service company based in Fuzhou, China. The Company, through its website and WeChat platform \"e-home\", provides integrated household services, including 1) installation and maintenance of home appliances and smart homes; 2) Housekeeping, nanny, confinement nurse and cleaning services; 3) Internet elderly care + home-based elderly care; 4) Hospital care; 5) Nanny delivery platform.\nAfter years of development, the Company has formed two main services and four auxiliary services targeting at individual consumers (ToC) and business clie...