EJ [E-HOUSE (CHINA)] UPLOAD:
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[Schedule 13G Forms]
[Schedule 13G Forms]
[SCHEDULE 13G CUSIP No. 026852W10 Page 2 of 5 Pages (1) Names of reporting persons Neil Nanpeng Shen (2) Check the appropriate box if a member of a group (see instructions) ¨]
[Joint Filing Agreement Xin Zhou Xin Zhou Jun Heng Investment Limited On Chance Inc.] [SCHEDULE 13G CUSIP No. 026852W10 (1) Names of reporting persons Xin Zhou (2) Check the appropriate box if a member of a group (see instructions) ¨ ¨ (a)]
[Joint Filing Agreement Xin Zhou Xin Zhou Jun Heng Investment Limited On Chance Inc.] [SCHEDULE 13G CUSIP No. 026852W10 (1) Names of reporting persons Xin Zhou (2) Check the appropriate box if a member of a group (see instructions) ¨ ¨ (a)]
[SCHEDULE 13G CUSIP No. 026852W10 Page 2 of 5 Pages (1) Names of reporting persons Neil Nanpeng Shen (2) Check the appropriate box if a member of a group (see instructions) ¨]
[Project Cardinal Materials for discussion In terms of tightening policies, we believe the current measures should be tightest in history. Currently mortgage rates are higher, and also mortgage lending restrictions are stricter than 2008. The newly introduced home purchase restrictions are actually one of the most effective and strictest policy announced so far. BoA Merrill Lynch (Oct 28, 2011)] [Project Cardinal Preliminary materials for discussion Table of contents 1. Executive summary 2. Cardinal valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 3. Eagle valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 4. Exchange ratio analysis Appendix 1. Executive summary Preliminary transaction summary $1.60] [Project Cardinal Materials for discussion Table of contents 1. Executive summary 2. Cardinal valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 3. Eagle valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 4. Exchange ratio analysis Appendix A. Selected companies operating statistics B. Selected minority] []
[Project Cardinal Materials for discussion In terms of tightening policies, we believe the current measures should be tightest in history. Currently mortgage rates are higher, and also mortgage lending restrictions are stricter than 2008. The newly introduced home purchase restrictions are actually one of the most effective and strictest policy announced so far. BoA Merrill Lynch (Oct 28, 2011)] [Project Cardinal Preliminary materials for discussion Table of contents 1. Executive summary 2. Cardinal valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 3. Eagle valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 4. Exchange ratio analysis Appendix 1. Executive summary Preliminary transaction summary $1.60] [Project Cardinal Materials for discussion Table of contents 1. Executive summary 2. Cardinal valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 3. Eagle valuation analysis A. Trading and financial overview B. Selected companies analysis C. Discounted cash flow analysis 4. Exchange ratio analysis Appendix A. Selected companies operating statistics B. Selected minority] []