Fangdd announces us$21 million convertible note private placement and proposed issuance of class c ordinary shares

Shenzhen, china, jan. 13, 2023 (globe newswire) -- fangdd network group ltd. (nasdaq: duo) (“fangdd” or the “company”), a leading property technology company in china, today announced that it had entered into a convertible note purchase agreement, under which the company will sell and issue a convertible promissory note in a principal amount of us$21 million (the “note”) to an investor through private placement. the closing of the transactions is subject to the satisfaction of customary closing conditions and is expected to take place in february 2023.
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