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Fangdd shares tumbled more than 25% in premarket trading

Tiger Newspress2022-01-13

Fangdd shares tumbled more than 25% in premarket trading.Fangdd Network Group Ltd., a Chinese online real estate marketplace, may be forced to delist from Nasdaq as the company’s ADS closed below $1 per share for 30 consecutive business days, according to the company’s filing on Jan. 7.

In the filing, FangDD notes that it received notice from Nasdaq on Jan. 4 that it was not compliant with the minimum bid price requirement under Nasdaq listing rules. The company has been granted a grace period of 180 calendar days, which expires on July 5, to regain compliance.

FangDD’s 3Q2021 results, released in November, reveal that the company’s revenue was down by 57.8% while its net loss widened to $55.1 million.

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Comment8

  • saral
    ·2022-01-14
    Wow
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  • MuppyKoh
    ·2022-01-13
    Please like
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    • Blokespot
      [Smile]
      2022-01-14
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    • JeremyKok
      hi. please like and comment back. thank you.
      2022-01-13
      Reply
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  • LeonardKSW
    ·2022-01-13
    Any chance it will be made to usd1 within 3mths? Can try to buy 1000shares for fun..who knows it really may... a few already like that too
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    • Skang2
      That reminded about Siri when below $1.
      2022-01-13
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    • Bingbong
      ok
      2022-01-13
      Reply
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  • VaanWu
    ·2022-01-13
    Wow
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  • BalancingAct
    ·2022-01-13
    Many more will be delisted.
    Reply
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    • Sharkie
      Why dont they re list in Hong Kong or ShangHai ?
      2022-01-13
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    • Dblchsbrger
      Yes
      2022-01-13
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    • alvinherexD
      gg
      2022-01-13
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    View more 1 comments
  • AhSon
    ·2022-01-13
    Keep cash 
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  • Blackk
    ·2022-01-13
    Like please
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    • JeremyKok
      hi. please like and comment back. thank you.
      2022-01-13
      Reply
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    • Michelle Ong
      Like back thanks
      2022-01-13
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    • AhSon
      Ok
      2022-01-13
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  • imsomeonelse
    ·2022-01-13
    Ouch 
    Reply
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