E-Home Household Service Holdings Ltd. (NASDAQ: (EJH) stock declined by 3.6% at the last close whereas the EJH stock price gains by 0.76% in the pre-market trading session. E-Home Household Service Holdings Limited is a Fuzhou-based household service provider. The company offers comprehensive household services, including as appliance installation and repair, cleaning services, Internet home and senior care, and hospital care, through its site platform and WeChat platform.
EJH stock’ Recent Development
Pingtan Comprehensive Experimental Area E Home Service which is an affiliate of E-Home Household Service Holdings Limited, stated that it has signed into an equity transfer agreement to purchase 51 percent of interests in Fuzhou Sijie Cleaning Service in cash. The purchase is a big step forward in E-Home’s expansion of its domestic cleaning company into the public places cleaning industry, and it will increase E-Home’s cleaning service capabilities and dimensions.
Tingchun Zeng, actual controller of Sijie Cleaning said that, with the strong backing of E-home’s name and investment, the firm will enhance the growth of their one-stop high-end cleaning service industry and acquire greater market share. Their companies have a common goal: they are client-focused and have a long-term, diversified growth plan.
Sijie Cleaning is a full-service cleaning company that offers a one-stop-shop for high quality cleaning facility. Washing services, environmental testing, formaldehyde treatment, and interior and outdoor wall cleaning are the company’s major activities. Sijie Cleaning has provided crystal lamp cleaning, daily cleaning, and stone material maintenance to many notable public locations, including long-term collaborating partners, Fujian Hall, and the Provincial Party Committee Reception Center – Fuzhou Lakeside Hotel.
Wenshan Xie, Chairman and CEO of the Company, stated,
They think that bringing on Sijie Cleaning will allow them to fully integrate E-advantageous Home’s resources in nanny, maternity matron, housekeeping, and other household services personnel, allowing them to accomplish interoperability of household + public places cleaning, service personnel, and service capacities to meet their clients’ ever-changing needs. This purchase deepens their expansion plan while also increasing their market competitiveness.
