TheLion.com - Forum

Date: 05/17/2012 17:59

Forum: Wall Street Pit - Msg #2271262 - List CTC msgs

Thread #673403410 (Rec: 0)

Looks like Ehouse and CTC are still in talks, should hear something soon imo

Unidentified Analyst

I was hoping that you can just update us on the E-House possible transaction or investment in your company. I know that there is some litigation that was holding up this from happening and seems like that’s been resolved. So any new information you could share or give us some insight would be greatly appreciated by everybody on this call.

Donald Zhang

Okay, sure. You know that we did signed a term sheet non-binding term sheet with E-House, but because the dedication even though, although we already said these are argument with Avenue Capital, but the term sheet already expired. But we still are negotiating with the potential investor for the probably potential investments including E-House right now.

Unidentified Analyst

So you currently do have some negotiations ongoing not only with E-House, but other possible investors?

Donald Zhang

Yeah, we are talking with E-House right now, but we’re definitely not going to exclude our options with approaching different methods.

Unidentified Analyst

Okay. Do you think you have an update for us at the Annual Meeting coming up?

Donald Zhang

We’ll keep you updated upon time to time if we have anything and we’re making any progress, yes.

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