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Cenntro Electric Group Limited - CENN STOCK NEWS

Welcome to our dedicated news page for Cenntro Electric Group (Ticker: CENN), a resource for investors and traders seeking the latest updates and insights on Cenntro Electric Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cenntro Electric Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cenntro Electric Group's position in the market.

Rhea-AI Summary
Cenntro Electric Group Limited (CENN) announces the implementation of a scheme of arrangement to redomicile from Australia to the United States. HoldCo will acquire all issued ordinary shares of Cenntro on a 1:1 basis, with shares remaining tradable under the ticker symbol 'CENN' on Nasdaq.
Rhea-AI Impact
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End-of-Day
-5.93%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) announces the approval of the proposed scheme of arrangement to re-domicile from Australia to the United States. The Supreme Court of New South Wales approved the scheme, making it legally effective. Eligible shareholders will receive one share of common stock in Cenntro Inc. for every one ordinary share held. Key milestones include the Record Date on February 22, 2024, and the Implementation Date on February 27, 2024.
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) is re-domiciling from Australia to the United States through a proposed scheme of arrangement. The Second Court Hearing to approve the Scheme has been adjourned to February 16, 2024, to allow Cenntro to prepare additional evidence on voting results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) announced that shareholders have voted in favor of the proposed redomiciliation from Australia to the United States. The Scheme remains subject to the approval of the Court at the hearing scheduled for February 14, 2024. If approved, the Scheme will be implemented on February 27, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
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-5%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) is re-domiciling from Australia to the United States, becoming a subsidiary of Cenntro Inc. and is awaiting final voting results to proceed with the process. The Scheme Meeting for shareholders to consider the re-domiciliation has been approved, but there is a Tabulation Delay causing the Company to reschedule the Second Court Hearing.
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Rhea-AI Sentiment
End-of-Day
1.68%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) is urging shareholders to vote in favor of the proposed Scheme resolution at the special meeting on January 24, 2024, to redomicile from Australia to the United States. The company will become a wholly owned subsidiary of Cenntro Inc., a new U.S. company, as per the orders of the Supreme Court of New South Wales, Australia. The Scheme aims to comply with the Australian Corporations Act 2001 (Cth) and facilitate the redomiciliation process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.83%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) has received cybersecurity and software update management certifications required for vehicle sales in the European Union, positioning the company to continue selling its electric commercial vehicles throughout the EU. The certifications address the growing technological complexity and interconnectedness of vehicles and are essential for OEMs to comply with new EU regulations. Cenntro's Chairman and CEO, Peter Wang, emphasized the critical nature of these certifications for the company's expansion in the European market and its commitment to meeting stringent requirements for vehicle sales.
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Rhea-AI Sentiment
End-of-Day
-0.65%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) has regained compliance with Nasdaq Listing Rule 5550(a)(2) after the closing bid price of the company's common stock remained at $1.00 per share or greater for ten consecutive business days from December 8, 2023, to December 21, 2023. Cenntro is a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) announced that its all-electric class 4 Logistar 400 received approval from the California Air Resources Board to participate in California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, providing a $60,000 point-of-sale voucher for the Company’s customers. The approval is expected to drive sales in California and propel commercial fleet electrification across the US and worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.64%
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Rhea-AI Summary
Cenntro Electric Group Limited (NASDAQ: CENN) is re-domiciling from Australia to the United States, becoming a wholly owned subsidiary of Cenntro Inc. The Scheme Meeting is scheduled for January 24, 2024, at 4:00pm EST.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
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Cenntro Electric Group Limited

Nasdaq:CENN

CENN Rankings

CENN Stock Data

45.36M
30.44M
29%
1.05%
3.6%
Automobile Manufacturing
Manufacturing
Link
New Zealand
8 Airpark Drive

About CENN

cenntro automotive corporation designs and manufactures 100% electric vehicles in the united states with additional operations in europe and china. cenntro automotive is positioned to become the global leader in production of emission-free vehicles that reach 200+ mpge, including the versatile metro™, a lightweight all electric commercial utility vehicle.