Shengfeng Development Announces 1-For-15 Reverse Stock Split, Effective Sept. 8
Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ:SFWL), a contract logistics company providing customers with integrated logistics solutions in China, today announced that it intends
Shengfeng is combining 15 old shares into 1 new share starting September 8th. This is a common move when a stock price gets very low, but it doesn't change how much of the company you own—it's like trading fifteen $1 bills for one $15 bill.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.