Dividends & Buybacks ·
Shengfeng Development Limited announced a 1-for-15 reverse stock split of its Class A and Class B Ordinary Shares…
SFWLSHENGFENG DEVELOPMENT Ltd
Shengfeng Development Limited announced a 1-for-15 reverse stock split of its Class A and Class B Ordinary Shares, reducing outstanding shares from approximately 40.6 million to 2.7 million for Class A and 41.9 million to 2.8 million for Class B. The transaction was approved by shareholders on August 24, 2026, with an effective trading date of September 8, 2026. Par value will increase proportionally from US$0.0001 to US$0.0015. Shengfeng Development Limited is a contract logistics company in China providing customers with integrated logistics solution services.