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People's Daily Online>>China Business

E-House buys largest stake in Century 21 China

By Wang Wei (People's Daily)

15:42, December 06, 2011

Edited and translated by People's Daily Online

U.S.-listed Century 21 China Real Estate recently announced that it would receive a total investment of 25 million U.S. dollars from its founders and E-House China.

After the capital injection, E-House China will become the largest shareholder in Century 21 China Real Estate, with holdings of more than 37 percent.

Zhou Xin, chairman of E-House China, said that China's real estate market, especially the secondhand housing market, is facing unprecedented serious challenges.

The cooperation between Century 21 China Real Estate and E-House China will not only help Century 21 China Real Estate enhance its financial strength to deal with short-term challenges but also help E-House provide a full range of marketing services for more real estate developers, Zhou said.

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