China-based real estate marketplace FangDD has again staved off the risk of being delisted from the Nasdaq stock market after meeting the minimum market value requirement 20 days before the deadline.

FangDD said it had received a Nasdaq letter, dated Mar. 24, informing the company that it was back above “the minimum market value of publicly held shares (MVPHS) of $5 million U.S. as required by Nasdaq Listing Rule 5450(b)(1)(C) for continued listing on the Nasdaq Global Market.”

“On March 24, 2023, based on the company’s MVPHS for the last 11 consecutive business days, from March 9 to March 23, 2023, Nasdaq confirmed that the company’s MVPHS had been greater than $5 million U.S. Accordingly, the company has regained compliance with the MVPHS requirement and this matter was closed,” said the company in a news release.

FangDD was warned about its noncompliance on Oct. 20, 2022, and asked to address the issue by Apr. 18.

In a similar case, the company averted a delisting challenge after aligning its minimum share price with the set rules in June last year.

Founded in 2011, FangDD trades with a ticker symbol of DUO. It recently posted its results, showing it had clawed back almost all losses during the fourth quarter of 2022.

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