tiprankstipranks
Cenntro Electric Group’s Transition to US Subsidiary Status
Company Announcements

Cenntro Electric Group’s Transition to US Subsidiary Status

Cenntro Electric Group (CENN) has released an update.

Don't Miss Our Christmas Offers:

Cenntro Electric Group Limited is set to become a subsidiary of Cenntro Inc., a US-based entity, following the approval of a scheme of arrangement by the Supreme Court of New South Wales. This strategic move will see the company redomicile from Australia to the United States, with a planned implementation date of February 27, 2024. Shareholders of Cenntro Electric Group will be issued shares in the new holding company, Cenntro Inc., marking a significant transition in the company’s global corporate structure.

For further insights into CENN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyCenntro Electric reports Q3 EPS (29c) vs. (53c) last year
TheFlyCenntro gets CARB executive order certifying Logistar 300 model
TheFlyCenntro Electric establishes California EV assembly facility
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App