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China's E-House files for $175 mln ADS offering

Thu Jan 17, 2008 5:25pm EST

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WASHINGTON, Jan 17 (Reuters) - E-House (China) Holdings Ltd (EJ.N) filed with U.S. regulators on Thursday for an offering of $175 million of its American depositary shares.

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The Chinese real estate services company said in a registration statement with the Securities and Exchange Commission that Credit Suisse and Merrill Lynch & Co are underwriting the offering.

The company said it would use its share of net proceeds for sales and marketing efforts, capital expenditures and general corporate purposes. (Reporting by Karey Wutkowski; Editing by Braden Reddall)

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