Fangdd received nasdaq notification regarding minimum market value deficiency

Shenzhen, china, oct. 21, 2022 (globe newswire) -- fangdd network group ltd. (nasdaq: duo) (“fangdd” or the “company”), a leading property technology company in china, today announced that it has received written notification (the “notification letter”) from the nasdaq stock market llc (“nasdaq”) dated october 20, 2022, notifying the company that it is not in compliance with the minimum market value requirement set forth in nasdaq listing rules for continued listing on the nasdaq global market. nasdaq listing rule 5450(b)(1)(c) requires companies to maintain a minimum market value of publicly held shares of at least us$5 million, and listing rule 5810(c)(3)(d) provides that a failure to meet the market value requirement exists if the deficiency continues for a period of 30 consecutive business days. based on the market value of the company for the 30 consecutive business days from september 8, 2022 to october 19, 2022, the company no longer meets the minimum market value requirement.
DUO Ratings Summary
DUO Quant Ranking