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Fang Holdings Limited (NYSE: SFUN) held an extraordinary general meeting (EGM) on September 27, 2021. The EGM resulted in the approval of several resolutions, including appointing new directors and ratifying their prior acts. Notably, the resolution regarding amendments to the variable interest entities (VIEs) structure failed, with only 8.7% votes in favor, raising concerns about the operational burdens on the VIEs. Fang operates a leading real estate internet portal in China, serving the growing real estate and home furnishing sectors.
Fang Holdings Limited (NYSE: SFUN), a prominent real estate Internet portal in China, has announced an extraordinary general meeting (EGM) on September 27, 2021, at 10:00 a.m. Beijing time. The meeting will address the appointment of new directors, including Howard Huyue Zhang, Changming Yan, Shaohua Zhang, and Jian Liu. Additionally, Yu Huang is proposed as an independent director and audit committee member. Shareholders of record by August 27, 2021, are eligible to attend. Fang operates in 665 cities, focusing on real estate and home improvement sectors.
Fang Holdings Limited (NYSE: SFUN) announced on May 24, 2021, that it is delinquent in filing its annual report Form 20-F for the fiscal year ending December 31, 2020, originally due May 17, 2021. The company has pending financial assessments and discussions with convertible note holders affecting the filing timeline. On May 18, 2021, NYSE notified Fang of non-compliance with its listing requirements due to this delayed filing. The NYSE will monitor the situation for six months, during which suspension and delisting procedures may start if compliance is not achieved.
Fang Holdings Limited (NYSE: SFUN) reported its financial results for Q4 and fiscal year 2020, revealing total revenues of $56.5 million for Q4, reflecting a 14.6% year-over-year increase. Operating income from continuing operations was $5.9 million versus a loss of $21 million in Q4 2019. For the fiscal year, total revenues fell 1.6% to $216.2 million. Notably, operating income increased 31.4% to $32.7 million. The net loss for the year narrowed to $6.5 million from $10.3 million. Management anticipates a positive net income for 2021, contingent on market conditions.
Fang Holdings Limited (NYSE: SFUN), a top real estate Internet portal in China, is set to announce its unaudited financial results for Q4 2020 on March 26, 2021, before U.S. markets open. The management will host a conference call at 8:00 AM ET. Investors can register in advance for the call and access a replay from 11:00 AM ET on the same day through April 3, 2021. Fang operates approximately 74 offices in China, serving 665 cities, and is known for its substantial online community and lead generation services.
Fang Holdings Limited (NYSE: SFUN) announced the Grand Court of the Cayman Islands has adjourned a hearing regarding a shareholder application for provisional liquidators, originally scheduled for February 9, 2021, to a date no earlier than the week of March 29, 2021. Fang, a leading real estate Internet portal in China, focuses on marketing, listings, and financial services in real estate and home improvement sectors. The company operates approximately 74 offices across 665 cities in China.
Fang Holdings Limited (NYSE: SFUN) announced significant changes to its board of directors and management on January 19, 2021. Mr. Jian Liu has been nominated as a director while Ms. Zhizhi Gong has resigned from the board, effective the same date. Additionally, Mr. Shihang Dong replaces Liu as president, maintaining his role as CEO. Mr. Peng Cui has been appointed as acting CFO, succeeding Ke Wang, who resigned for personal reasons. These changes align with Fang's strategy to strengthen leadership and enhance operational efficiency in the competitive Chinese real estate market.
Fang Holdings Limited (NYSE: SFUN) announced a hearing held on December 24, 2020, in the Grand Court of the Cayman Islands regarding a winding-up petition filed by certain shareholders. The Cayman Court has adjourned the application until February 9, 2021, to provide additional time for the involved parties to reach an agreement. Fang operates a leading real estate Internet portal in China, servicing the fast-growing real estate sector with its websites covering 665 cities. The company emphasizes its commitment to financial transparency and risks in its future performance.
Fang Holdings Limited (NYSE: SFUN) announced that the Grand Court of the Cayman Islands held a hearing on December 21, 2020, concerning a winding-up petition filed by certain shareholders to appoint provisional liquidators. The court adjourned the application until December 24, 2020, to allow parties further time to reach an agreement on the matter. Fang operates a leading real estate Internet portal in China, serving as a platform for marketing and financial services in the real estate sector, with significant reach across 665 cities.
Fang Holdings Limited (NYSE: SFUN) held its 2020 annual general meeting of shareholders on December 21, 2020. The key outcome was the re-election of Mr. Changming Yan as an independent director. Fang is a leading real estate Internet portal in China, providing marketing, listing, and financial services across its network. With 74 offices and content covering 665 cities, Fang plays a significant role in the real estate and home improvement sectors in China. For more information on the company, visit http://ir.fang.com.
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