Fangdd announces us$8.0 million registered direct offering

Shenzhen, china, july 17, 2023 (globe newswire) -- fangdd network group ltd. (nasdaq: duo) (“fangdd” or the “company”), a customer-oriented proptech company in china, today announced that it has entered into a securities purchase agreement (the “purchase agreement”) with certain investors for the issuance and sale by the company in a registered direct offering of 11,428,565 american depositary shares, or adss, at a purchase price of us$0.70 per ads, and regular warrants to purchase up to an aggregate of 11,428,565 adss.
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