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Stock Market & Financial Investment News

News Breaks
March 21, 2014
08:41 EDTEJE-House and Tencent announce Tencent's strategic investment in Leju
E-House and Tencent Holdings announced that Tencent will acquire from E-House 15% of the equity interests on a fully diluted basis in Leju for US$180 million. Leju Holdings is a wholly owned subsidiary of E-House. The transaction is expected to close by the end of this month. Tencent will also subscribe additional shares in Leju's proposed initial public offering to maintain its 15% equity interest on a fully diluted basis.
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