E-Home Household Service Holdings Ltd. (NASDAQ: EJH) stock declined by 28.28% at the last close while the EJH stock price falls further by 11.59% in the pre-market trading session. E-Home Household Service is a Fuzhou-based household service provider. The company offers integrated home services, including appliance repair, housekeeping, and care services, via its website and WeChat platform.
Recent Past Development in EJH stock
E-Home Household Service announced today that its associated variable interest organization, Pingtan Comprehensive Experimental Area E Home Service, has decided to enter into a farm transfer deal with Ms. Ling Chen, under which E-Home Pingtan or an assigned third party will purchase all tangible and intangible assets of Danyang Situ Fengyi Farm in cash from Ms. Chen.
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Danyang Situ Fengyi Farm, established in 2019, is located in Danyang City, Jiangsu, China. Agricultural product development and picking, fishing, tourism, accommodation, senior care, and remote health management are just some of the services it provides.
They anticipate that this purchase will help them expand their elder care company more quickly. It will also contribute to their elder care facility portfolio. Fengyi Farm, with its 74 acres of scenic terrain, may be converted into a scenic senior care villa, which would fit well with their expansion plan of combining “Internet and smart technology-oriented senior care” with fun. Fengyi Farm is expected to provide short- and long-term care, as well as certain recreational amenities, to elders over the age of 65. They intend to provide expert nursing personnel and a variety of services to Fengyi Farm.
Wenshan Xie, Chairman, and CEO of the Company, stated,
The acquisition of Fengyi Farm is another milestone in our elder care growth. To assure the quality of their elder care services, E-in-house Home’s training schools will provide skilled caregivers and nursing personnel to Fengyi Farm. Their senior care business has a bright future ahead of it.