Fangdd Network Group (DUO) has released an update.
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Fangdd Network Group Ltd. has entered into a share subscription agreement with Zx International Ltd, controlled by Fangdd’s CEO Xi Zeng, to issue 3,901 Class C Ordinary Shares at $2.53 each. This strategic financial move is aimed at leveraging exemptions from U.S. registration requirements, suggesting a strengthening of internal investment and confidence in the company’s growth.
For further insights into DUO stock, check out TipRanks’ Stock Analysis page.
