Chijet Motor Company ( (CJET) ) has issued an update.
On March 24, 2025, Chijet Motor Company, Inc. executed a share exchange agreement with its shareholders, Chijet Holdings Limited and Euroamer Kaiwan Technology Company Limited. The agreement involved issuing 1,600,000 Class B ordinary shares to these shareholders in exchange for 1,624,910 Class A ordinary shares, which were then canceled and reverted to authorized but unissued shares. This transaction is part of the company’s strategic financial restructuring, potentially impacting its equity structure and shareholder composition.
More about Chijet Motor Company
Chijet Motor Company, Inc. operates in the automotive industry, focusing on the development and production of vehicles. The company is based in Yantai, Shandong, China, and is involved in the manufacturing and distribution of motor vehicles.
YTD Price Performance: -25.55%
Average Trading Volume: 75,493
Technical Sentiment Signal: Buy
Current Market Cap: $9.05M
See more data about CJET stock on TipRanks’ Stock Analysis page.