Fangdd Network Group (DUO) has released an update.
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Fangdd Network Group Ltd. has entered into an agreement with MM Global Securities, Inc., appointing them as the exclusive placement agent for the company’s securities offering on a ‘best efforts’ basis. The agreement details the Placement Agent’s compensation at 7% of gross proceeds, alongside various offering-related expenses to be covered by Fangdd Network Group. The securities in question are Class A ordinary shares, with the closing of the offering contingent on market conditions and regulatory approvals.
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