Fang Announces New Acting CFO

August 24, 2020
Share this Post: 

Ke Wang has been named Fang Holdings Limited’s new CFO while the company continues planning the issuance of shares to the management of Fang to raise capital. 

Wang is replacing Zijin Li, who has resigned from Fang for personal reasons. 

Wang has deep experience in financing. Prior to joining Fang, Wang was CFO of two companies.

As for the company’s share plans, Fang has a goal of raising up to $30 million through Class A ordinary shares. This is to increase cash reserves for debt payback as well as to showcase the managements’ confidence in the company. 

August 24, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 1932382865
$13 Billion Adevinta Takeover Deal To Go Ahead After 11th Hour Drama

The acquisition bid made by Aurelia Bidco for the Oslo-listed online marketplace operator Adevinta has finally reached the approval threshold...

Read More
Shutterstock 2245599643
Zillow Adds Individual Room Listings to Its Portal

The U.S. real estate portal Zillow has announced the addition of individual room for rent listings to its portal. The...

Read More
Blank 705 X 430 5
Immowelt's German Parent Company Rebranded to 'AVIV Germany'

The local parent company of the German real estate portal Immowelt has changed its name to 'AVIV Germany'. Immowelt is...

Read More
Untitled Design 15
REA Group Sees Strong Domestic Growth in HY1 Results

The Australian real estate marketplace operator REA Group has released its results for the first half of its 2024 financial...

Read More