Fangdd Network Group Launches Securities Offering

Fangdd Network Group (DUO) has released an update.

Fangdd Network Group Ltd., a Cayman Islands-based company, has engaged MM Global Securities, Inc. as the exclusive placement agent for its securities offering. The agreement is based on MM Global’s ‘best efforts’ to solicit offers and does not guarantee the sale of securities. The company will pay MM Global a fee of 7% of the gross proceeds from the sale of the securities, and the offering’s success hinges on market conditions and regulatory approvals.

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