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An announcement from Fangdd Network Group ( (DUO) ) is now available.
Fangdd Network Group Ltd. announced on February 11, 2025, a US$5 million senior convertible notes offering through a securities purchase agreement. The notes have a 5% original issue discount, a nine-month term, and are convertible into Class A ordinary shares. This offering, intended to fund general corporate purposes, is expected to enhance Fangdd’s financial flexibility and support its strategic initiatives in the property technology sector.
More about Fangdd Network Group
Fangdd Network Group Ltd. is a customer-oriented property technology company in China that focuses on real estate transaction digitalization services. The company utilizes mobile internet, cloud technology, big data, and artificial intelligence to transform real estate transactions through modular products and solutions powered by SaaS tools and technologies.
YTD Price Performance: -4.86%
Average Trading Volume: 7,332,084
Technical Sentiment Consensus Rating: Buy
See more data about DUO stock on TipRanks’ Stock Analysis page.