Fang Holdings Limited reports the finalization of a derivative lawsuit settlement, including a special cash distribution to shareholders and the transfer of CIH Holdings Limited shares.
Key takeaways
A derivative lawsuit settlement with Oasis Investments II Master Fund Ltd. has been finalized by court order as of March 12, 2026.
A special cash distribution will be paid to all holders of Fang's ordinary shares and ADSs as of the record date of April 20, 2026.
The special cash distribution is expected to be paid by May 5, 2026, from a settlement account funded by the defendants.
The transfer of 20,471,063 shares of CIH Holdings Limited from defendants to Fang has been completed as part of the settlement.