E-Home Household Service Holdings (EJH) said Wednesday that it plans to merge with and acquire Fuzhou Yunding Mutual Chain Information Technology, a provider of artificial intelligence access control system and intelligent community services in China.
Financial details weren't disclosed.
The proposed transaction will help E-Home improve its market competitiveness and enter the AI industry and smart community service, the company said.
Shares of E-Home were down nearly 8% in recent Wednesday trading.
Price: 0.89, Change: -0.08, Percent Change: -7.92
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