Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

NEWS

FangDD Announces US$2.5 Million Registered Direct Offering of Class A Ordinary Shares
SHENZHEN, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company"), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the "Purchase Agreement") for the issuance and sale by the Company of 1,612,902 Class A ordinary shares ("Class A Ordinary Shares"), at a price of US$1.55 per share, in a registered direct offering.

The Purchase Agreement contains representations, warranties and other provisions customary for transactions of this nature. The offering is expected to close on or about October 2, 2024, subject to the satisfaction of customary closing conditions. FangDD intends to use the net proceeds from this offering for general corporate purposes.
The Company has engaged MM Global Securities, Inc. as its exclusive placement agent in connection with this offering.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
13
Translate
Report
5155 Views
Comment
Sign in to post a comment

View more comments...