$SFWL

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Shengfeng Development to Implement 1-for-15 Reverse Stock Split

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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