tiprankstipranks
Company Announcements

Fangdd Network Group Restructures VIE Equity Interests

Story Highlights
  • Fangdd Network Group Ltd. restructured its VIE equity interests on March 10, 2025.
  • The restructuring aims to simplify the VIE’s shareholding structure, enhancing control and efficiency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fangdd Network Group Restructures VIE Equity Interests

Fangdd Network Group ( (DUO) ) just unveiled an update.

On March 10, 2025, Fangdd Network Group Ltd. announced a significant restructuring of its VIE equity interests, with Mr. Wei Zhang transferring his shares to Mr. Xi Zeng, the company’s Chairman and CEO. This move, approved by the board and audit committee, aims to simplify the VIE’s shareholding structure, potentially enhancing operational efficiency and strategic control. The updated agreements ensure Fangdd retains control over the VIE’s economic benefits and operational activities, reinforcing its market position and governance framework.

More about Fangdd Network Group

Fangdd Network Group Ltd. is a Cayman Islands holding company operating primarily in China through its subsidiaries, with a focus on real estate technology services. The company utilizes a variable interest entity (VIE) structure to conduct its operations and consolidate financial results under U.S. GAAP.

YTD Price Performance: -37.97%

Average Trading Volume: 2,834,717

Technical Sentiment Consensus Rating: Strong Buy

For detailed information about DUO stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App