10:18 AM EDT, 10/09/2024 (MT Newswires) -- 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