Shengfeng Development to Implement 1-for-15 Reverse Stock Split
MT newswire2026/09/02 14:23Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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10:23 AM EDT, 09/02/2026 (MT Newswires) -- Shengfeng Development (SFWL) plans to implement a 1-for-15 reverse stock split of its class A and class B ordinary shares, the company said Wednesday. The class A shares are expected to start trading on Nasdaq on a post-split basis on Sept. 8, it added. Shengfeng Development shares were up 2.3% in Wednesday trading. Price: 0.85, Change: +0.02, Percent Change: +2.39
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