BEIJING, Nov. 11, 2016 /PRNewswire/ -- Fang Holdings
Limited (NYSE: SFUN) ("Fang,"the "Company," "we" or "our"), the
leading real estate Internet portal in China, today announced that the United States
District Court for the Central District of California has dismissed with prejudice all
claims asserted by the lead plaintiffs in a securities class action
lawsuit against the Company and certain of its current and former
officers commenced against them on October
30, 2015, by a shareholder purporting to represent a class
consisting of purchasers of the Company's common stock between
May 20, 2015 and October 27, 2015. On October 18, 2016, the Court granted the
defendants' motion to dismiss the First Amended Complaint. The lead
plaintiffs did not pursue a further amendment, and the Court
dismissed the lead plaintiffs' claims with prejudice on
November 4, 2016. No payment or any
other consideration was paid by the Company or its officers in
connection with the lawsuit's dismissal.
About Fang
Fang operates the leading real estate Internet portal in
China in terms of the number of
page views and visitors to its websites. Through our websites, we
provide e-commerce, marketing, listing, financial and other
value-added services for China's
fast-growing real estate and home furnishing and improvement
sectors. Our user-friendly websites support active online
communities and networks of users seeking information on, and other
value-added services for, the real estate and home furnishing and
improvement sectors in China. Fang
currently maintains about 100 offices to focus on local market
needs and its website and database contains real estate related
content covering more than 629 cities in China. For more information about Fang, please
visit http://ir.fang.com.
For investor and media inquiries, please contact:
Dr. Hua Lei
CFO
Phone: +86-10-5631-8661
Email: leihua@fang.com
Ms. Joyce Tang
Senior
Investor Relations Manager
Phone: +86-10-5631 8659
Email: tangjunning@fang.com
Ms. Dana Cheng
Investor
Relations Manager
Phone: +86-10-5631 8174
Email: chengyu.bj@fang.com
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SOURCE Fang Holdings Limited