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Fang Holdings ( (SFUNY) ) has issued an update.
On October 31, 2025, Fang Holdings Limited announced a proposed settlement of a shareholder derivative action pending in the Supreme Court of the State of New York. The settlement includes a monetary consideration of $30 million and 20,471,063 shares of CIH Holdings Limited, along with corporate governance changes. This settlement aims to resolve allegations against certain defendants related to transactions between 2019 and 2023, including a spin-off, repurchase of shares, and delisting from the NYSE. The settlement is seen as beneficial for Fang and its minority shareholders, providing both direct financial benefits and improvements in corporate governance.
More about Fang Holdings
Fang Holdings Limited is a company based in Beijing, China, operating in the real estate industry. The company primarily focuses on providing real estate internet services and listings, catering to the Chinese market.
Average Trading Volume: 2,666
Technical Sentiment Signal: Buy
Current Market Cap: $54.21M
For an in-depth examination of SFUNY stock, go to TipRanks’ Overview page.