Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ:SFWL), a contract logistics company in China providing customers with integrated logistics solutions, today announced that Mr. Yongxu Liu, the Company's Chairman, Chief Executive Officer and the largest beneficial shareholder of the Company, has purchased 500,000 Class A ordinary shares of the Company in the open market at an average price of $1.289 per share (the "Shares").
The purchases of Shares were made on October 14, 2024 and October 15, 2024.
Need-to-knows about Stock Splits
Stock split is a corporate action in which a company increases shares to existing shareholders without changing their equity.
Shareholder
Shareholder is someone who owns shares in a corporation.
Stock split
Stock split occurs when a company issues new stock shares, lowering the market price of the stock to the price it was before the split.