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SHENZHEN, China - Fangdd Network Group Ltd. (NASDAQ:DUO), a leading property technology company in China with a market capitalization of $9.81 million, has announced a share consolidation plan set to take effect on the morning of June 9, 2025. The restructuring will see every 16 ordinary shares of the company, currently valued at $0.0005625 each, consolidated into a single share with a new par value of $0.009. The company’s stock currently trades near its 52-week low of $0.19, significantly below its 52-week high of $4.67.
The move, approved by Fangdd’s board and its shareholders at an extraordinary general meeting on May 27, 2025, aims to comply with the minimum bid price requirement of Nasdaq’s Listing Rule 5450(a)(1). Following the consolidation, the company’s Class A ordinary shares will continue trading on Nasdaq under the ticker symbol DUO but with a new CUSIP number of G33147128. According to InvestingPro analysis, the company maintains a healthy current ratio of 1.68 and trades at an attractive price-to-book ratio of 0.18, suggesting potential value opportunity. Subscribers can access 12 additional key insights about DUO’s financial health and valuation metrics.
Prior to the consolidation, Fangdd had 62,472,674 issued and outstanding ordinary shares, which will be reduced to 3,904,565 shares post-restructuring. Shareholders’ percentage ownership in the company will remain unchanged, barring minor adjustments due to fractional shares.
Fangdd specializes in digitalizing real estate transactions, leveraging technologies such as mobile internet, cloud, big data, and artificial intelligence to transform the industry with a suite of SaaS tools and solutions.
This press release contains forward-looking statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and reflects the company’s expectations as of the date of the release. Fangdd cautions that these statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected.
The information in this article is based on a press release statement from Fangdd Network Group Ltd.
In other recent news, Fangdd Network Group Ltd. has announced an extraordinary general meeting of shareholders, as filed with the U.S. Securities and Exchange Commission. The company has made available the meeting’s agenda and related materials for shareholder review. Additionally, Fangdd has secured $5 million through the issuance of convertible promissory notes and additional shares, with MM Global Securities, Inc. acting as the exclusive placement agent for the offering. The transaction is expected to close today, subject to customary conditions, with proceeds intended for general corporate purposes.
In a separate development, DA Davidson analyst Wyatt Swanson has raised the price target for Fangdd Network to $410, up from $400, while maintaining a Buy rating on the company’s shares. This adjustment follows an analysis of Duolingo’s course enrollment data and indicates a potential upside to current market expectations. The company’s performance is reportedly surpassing the year-over-year consensus estimate for daily active user growth. These recent developments highlight Fangdd’s strategic financial maneuvers and analyst confidence in the company’s growth trajectory.
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