E-Home Household Service Holdings Ltd. (EJH) stock prices were down by 3.14% as of the market closing on September 22nd, 2021. This brought the price per share down to USD$2.78 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rise by 4.32%, bringing it up to USD$2.90.
EJH Stock Acquires Sijie
September 22nd, 2021 saw EJH stock enter into an equity transfer agreement to acquire a 51% equity interest of Sijie Cleaning. The transaction will be conducted all in cash, marking a significant step of E-Home expanding its household cleaning business to public places cleaning market. This development is designed to improve the company’s cleaning business service capacities and scopes.
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The collaboration with Sijie Cleaning will facilitate the acceleration of the partnering company’s development of its one stop high end cleaning service business. This, in turn, will facilitate the gaining of more market shares with the strong support of EJH stock’s brand reputation and investment. The partnering companies share a common goal with a focus on their clients via a long-range and multidimensional growth strategy.
Scope of EJH Stock’s Partnership
EJH stock’s partnership with Sijie Cleaning will allow the company to comprehensively integrate its advantageous resources. These resources include nanny, maternity matron, housekeeping, and other household services personnel. With his, the company hopes to achieve the interoperability of household and public spaces cleaning, service personnel, and service capacities. With such a consolidated business model, the company will be able to meet the ever-evolving needs of the combined company’s clients. The acquisition serves to further implement the company’s expansion strategy while strengthening the company’s competitiveness in the market.
About Sijie Cleaning
Sijie Cleaning is an integrated and professional cleaning company that facilitates the provision of one-stop high-end cleaning services. Its main engagements include the provision of cleaning services, environmental testing, formaldehyde treatment, and indoor and outdoor wall cleaning. The partnering company has serviced many renowned public places, of which Fuzhou Lakeside Hotel is the first high end on site cleaning project. The cooperation term of this contract is ten years, providing tenured and consistent revenue generation.
Future Outlook for EJH Stock
The company is keen to capitalize on the expanded scope of opportunities presented to it as a result of its most recent partnership. EJH stock is setting the stage to ensure unprecedented growth over the second half of 2021. Current and potential investors are hopeful that management will be able to leverage the resources at its disposal. This is hoped to facilitate significant and sustained increases in shareholder value.