Fangdd Network Group (DUO) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Fangdd Network Group Ltd. has announced shareholder resolutions from an extraordinary general meeting, including a Share Consolidation and a Share Capital Increase. The consolidation will convert every 5,625 ordinary shares into one, altering the share capital structure, while the capital increase will expand the authorized share capital to 10 billion shares. Additionally, the company will adopt a new set of amended and restated memorandum and articles of association, marking significant corporate restructuring.
For further insights into DUO stock, check out TipRanks’ Stock Analysis page.