Summit Networks Inc. (NASDAQ:SNTW) major shareholder Yee Man Cheung sold 1,251,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $0.02, for a total transaction of $25,020.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of SNTW stock opened at $1.75 on Wednesday.
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About Summit Networks
Summit Networks Inc, a development stage company, distributes glass craft products in the United States. It distributes glass crafts, novelties, knobs, trophies, vases, glasses, boxes, bowls, trays, and plates to wholesale customers. The company was founded in 2014 and is based in Mong Kok, Hong Kong.
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