Dividends & Buybacks ·
Shengfeng Development Limited held an extraordinary general meeting on August 25, 2026, where shareholders approved a…
SFWLSHENGFENG DEVELOPMENT Ltd
Shengfeng Development Limited held an extraordinary general meeting on August 25, 2026, where shareholders approved a share consolidation. The resolution mandates consolidating every 15 Class A and Class B ordinary shares into one new share with a par value of US$0.0015, effective September 4, 2026, or upon Nasdaq Capital Market acceptance. Fractional shares will be rounded up to the next whole share. The company also adopted amended and restated memorandum and articles of association to reflect this consolidation and update its registered office details in the Cayman Islands. Shengfeng Development Limited operates in the real estate development industry.