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.