Star Fashion Culture Holdings Ltd.
(NASDAQ:STFS) shares soared 34.71% to $4.89 in the after-hours trading session on Tuesday.
The jump in the late trading session follows an intraday surge of 19.41% to $3.63, according to the Benzinga Pro data.
CFO-Linked Entity Buys In At Steep Discount The stock move of the Chinese content marketing solutions services provider came alongside a Tuesday Securities and Exchange Commission filing, which disclosed that Star Fashion Culture entered into a subscription agreement on Jul. 22 to sell 2 million Class B ordinary shares to Xingji Zhangpingting Limited for $2.60 million, or $1.30 per share.
Xingji Zhangpingting Limited is an investment holding company controlled by Zhang Pingting, who serves as the Chief Financial Officer of Star Fashion Culture Holdings Limited.
