E-House details partial spin of Leju Holdings

• E-House (NYSE:EJ) owners will receive 0.05 shares of Leju Holdings (LEJU) for each share of E-House they own.
• The distribution date is January 15, and E-House's stake is Leju will slip to about 70% from its current 75%.
• The distribution will be characterized as a taxable dividend for U.S. tax purposes.
• Source: Press release