BEIJING, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Fang Holdings Limited (OTC:SFUNY) ("Fang" or the "Company"), a leading real estate Internet portal in China, today announced that the Grand Court of the Cayman Islands (the "Cayman Court") approved a Consent Order signed by the parties regarding the withdrawal of: (i) the winding up petition presented by Evenstar Master Fund SPC (for and on behalf of Evenstar Master Sub-Fund I Segregated Portfolio) and Evenstar Special Situations Limited (collectively, the "Petitioners") against the Company on 12 November 2020 (as amended); (ii) the application for appointment of provisional liquidators over the Company filed by the Petitioners on 4 December 2020; and (iii) the application for reconstitution of the board of the Company dated 18 June 2021.
Accordingly, the entire proceedings under Cayman Court Cause No: FSD 278 of 2020 (DDJ) are discontinued. The parties are released from all undertakings given to the Cayman Court in these proceedings.
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