Fangdd Network Group (DUO) has released an update.
Fangdd Network Group Ltd. is set to transition from American depositary receipts to a direct listing of its Class A ordinary shares on Nasdaq, scheduled for around September 4, 2024. Shareholders need not take action as the mandatory exchange of ADSs to ordinary shares will proceed without fees, while the exact date remains subject to Nasdaq’s clearance. The company also plans a share consolidation that will adjust the ADS-to-share ratio, a move already approved by its shareholders.
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