Fangdd Network Group (DUO) has released an update.
Fangdd Network Group Ltd. has announced shareholder resolutions from an extraordinary general meeting, including a Share Consolidation and a Share Capital Increase. The consolidation will convert every 5,625 ordinary shares into one, altering the share capital structure, while the capital increase will expand the authorized share capital to 10 billion shares. Additionally, the company will adopt a new set of amended and restated memorandum and articles of association, marking significant corporate restructuring.
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