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Stock impact report

FangDD Announces Further Updates on Its Substitution Listing Plan

Fangdd Network Group Ltd. - American Depositary Shares (DUO) 
Last fangdd network group ltd. - american depositary shares earnings: 3/31 05:00 am Check Earnings Report
Company Research Source: GlobeNewswire
SHENZHEN, China, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) today announced further updates on its substitution listing plan. As previously announced on June 3 and July 31, 2024, the Company intends to terminate its existing American depositary receipts facility and list its Class A ordinary shares for trading on The Nasdaq Stock Market LLC (“Nasdaq”) in substitution for the American depositary shares (the “ADSs”) (the “Substitution Listing”). The Company expects that, upon the effectiveness of the Substitution Listing, its ADSs will cease to be listed on Nasdaq while the Class A ordinary shares represented by the ADSs will trade on Nasdaq under the symbol of “DUO.” The Company has appointed VStock Transfer, LLC as its United States transfer agent (the “U.S. Transfer Agent”) for the Substitution Listing. To facilitate the Substitution Listing, The Bank of New York Mellon (the “Depositary”) will call for the surrender Show less Read more
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