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Leju Announces Share Purchase by CEO

CapitalWatch Staff 2018-11-19 14:56 PM
Leju Announces Share Purchase by CEO

Leju Holdings Ltd. (NYSE: LEJU), a online-to-offline real estate services provider in China, today announced that Geoffrey He, Leju&`#`39;s CEO, has agreed to purchase 6.8 million ordinary shares of the company, representing approximately 5 percent of the company&`#`39;s current total outstanding share capital, from E-House (China) Holdings Limited, a principal shareholder of Leju. The total consideration of the transaction is $9.3 million, equivalent to $1.37 per ordinary share, or $1.37 per ADS, which represents the average closing price of the company&`#`39;s ADSs for the 30 consecutive trading days prior to June 27, 2018.