Fangdd Network Group (DUO) has released an update.
Fangdd Network Group Ltd. has announced updates to its plan to transition from American depositary receipts to a direct listing of its Class A ordinary shares on the Nasdaq, under the symbol ‘DUO.’ The mandatory exchange of ADSs for Class A shares has been delayed from its initial September 4, 2024 date, as the company works with Nasdaq and other parties to finalize details, with the new date to be announced later. There are no actions required from ADS holders for the exchange, and no fees will be charged in the process.
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