Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services
Shengfeng Development Limited - Class A Ordinary Shares (SFWL)
Company Research
Source: PR Newswire
FUZHOU, China, Nov. 18, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, announced today that on November 5, 2024, Shengfeng Logistics Group, a variable interest entity that the Company controls via a series of contractual arrangements ("Shengfeng Logistics"), forms a joint venture (the "Joint Venture") with Fujian Fulai Aviation Technology Co., Ltd. ("Fulai Aviation"). The new entity formed in respect of the Joint Venture, Fujian Shengfeng Fulai Low Altitude Comprehensive Services Co., Ltd., is expected to leverage Shengfeng Logistics's expertise in logistics with Fulai Aviation's drone technology to deliver drone-based logistics solutions across China's low-altitude logistics sector.Shengfeng Logistics holds a majority stake in the 51% in the Joint Venture, which is anticipated to affirm the Company's commitment to establishing a leadership
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News
- Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services [Yahoo! Finance]Yahoo! Finance
- Shengfeng Development Limited Enters China's Low-Altitude Logistics Sector [Yahoo! Finance]Yahoo! Finance
- Shengfeng Development Limited Enters China's Low-Altitude Logistics SectorPR Newswire
- Do Its Financials Have Any Role To Play In Driving Shengfeng Development Limited's (NASDAQ:SFWL) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- Shengfeng Development CEO Purchases 500,000 Class A Ordinary Shares in the Open MarketPR Newswire
SFWL
Sec Filings
- 10/22/24 - Form SC
- 9/4/24 - Form 6-K
- SFWL's page on the SEC website