Associated tags: EV, Automotive, Electric Vehicles, Manufacturing, Automotive Manufacturing, Alternative Vehicles, Fuels, Transport, General Automotive, Trucking
Locations: CENTRAL AMERICA, CHINA, TURKEY, EUROPEAN UNION, NEW ORLEANS, CALIFORNIA, JACKSONVILLE, SERBIA, US, ASIA PACIFIC, EU, UNITED STATES, NORTH AMERICA, NEW JERSEY, AUSTRALIA, AUSTRALIA/OCEANIA, PARKVALE, NEVADA, NEW SOUTH WALES, NEW YORK
Retrieved on:
Monday, February 26, 2024
Trucking,
Automotive,
General Automotive,
Other Automotive,
EV,
Electric Vehicles,
Transport,
Scheme,
Investment company,
CUSIP,
Date,
Cryptocurrency Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States ("U.S.", the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada ("HoldCo") for the purpose of effecting the Scheme.
Key Points:
- Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States ("U.S.", the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada ("HoldCo") for the purpose of effecting the Scheme.
- Cenntro is pleased to announce that the Scheme will be implemented tomorrow February 27, 2024, in accordance with the previously announced timeline (the “Implementation Date”).
- On the Implementation Date, HoldCo will acquire all of the issued ordinary shares of Cenntro and exchange them for shares of common stock of HoldCo on a 1:1 basis.
- The CUSIP number attributable to the Cenntro ordinary shares will change from Cenntro’s CUSIP number—Q6519V120, to HoldCo’s CUSIP number—150964104 on the Implementation Date.
Retrieved on:
Monday, February 26, 2024
EV,
Electric Vehicles,
Automotive,
Trucking,
Automotive Manufacturing,
Logistics,
Supply Chain Management,
General Automotive,
Transport,
Manufacturing,
Investment company,
CUSIP,
Scheme,
Cryptocurrency Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States ("U.S.", the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada ("HoldCo") for the purpose of effecting the Scheme.
Key Points:
- Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, refers to the proposed scheme of arrangement in relation to which Cenntro will redomicile from Australia to the United States ("U.S.", the “Scheme”), and under which Cenntro will become a subsidiary of Cenntro Inc., a corporation incorporated in accordance with the laws of the state of Nevada ("HoldCo") for the purpose of effecting the Scheme.
- Cenntro is pleased to announce that the Scheme will be implemented tomorrow February 27, 2024, in accordance with the previously announced timeline (the “Implementation Date”).
- On the Implementation Date, HoldCo will acquire all of the issued ordinary shares of Cenntro and exchange them for shares of common stock of HoldCo on a 1:1 basis.
- The CUSIP number attributable to the Cenntro ordinary shares will change from Cenntro’s CUSIP number—Q6519V120, to Holdco’s CUSIP number—150964104 on the Implementation Date.
Retrieved on:
Friday, February 16, 2024
Alternative Vehicles,
Fuels,
Automotive Manufacturing,
Manufacturing,
Automotive,
EV,
Electric Vehicles,
Court,
Scheme,
ASIC,
Date,
AEDT,
Corporation,
Supreme court,
Annexation,
Investment,
Security (finance) Cenntro is pleased to announce that the Supreme Court of New South Wales, Australia (the "Court") made orders approving the proposed Scheme on Friday, February 16, 2024 (Australian Eastern Daylight Time, "AEDT").
Key Points:
- Cenntro is pleased to announce that the Supreme Court of New South Wales, Australia (the "Court") made orders approving the proposed Scheme on Friday, February 16, 2024 (Australian Eastern Daylight Time, "AEDT").
- An office copy of the Court orders lodged with ASIC is attached at Annexure A to this press release.
- Cenntro, in consultation with Cenntro Inc., may vary any or all of these dates and times and will provide reasonable notice of any such variation.
- Any changes will be announced by Cenntro to Nasdaq and published on Cenntro’s website at www.cenntroauto.com .
Retrieved on:
Wednesday, February 14, 2024
Vehicle Technology,
Supply Chain Management,
EV,
Electric Vehicles,
Professional Services,
Alternative Vehicles,
Fuels,
Batteries,
General Automotive,
Technology,
Automotive,
Retail,
Legal,
Automotive Manufacturing,
Manufacturing,
Attention,
Court,
Hearing,
Adjournment,
Phillip Street, Sydney,
ASIC,
MinterEllison,
AEDT,
Supreme court,
Investment Today, the Supreme Court of New South Wales, Australia (the "Court") made orders adjourning the second court hearing to approve the Scheme (the "Second Court Hearing") from February 14, 2024 at 9:15am (Australian Eastern Daylight Time, "AEDT") to Friday, February 16, 2024 at 9:15am (AEDT) (the "Adjournment").
Key Points:
- Today, the Supreme Court of New South Wales, Australia (the "Court") made orders adjourning the second court hearing to approve the Scheme (the "Second Court Hearing") from February 14, 2024 at 9:15am (Australian Eastern Daylight Time, "AEDT") to Friday, February 16, 2024 at 9:15am (AEDT) (the "Adjournment").
- As noted above, the Second Court Hearing has been adjourned to 9:15am (AEDT) on Friday, February 16, 2024.
- A Cenntro shareholder has the right to appear and be heard at the Second Court Hearing and may oppose the approval of the Scheme at the Second Court Hearing.
- The Scheme remains subject to the approval of the Court at the adjourned Second Court Hearing scheduled for 9:15am (AEDT) on Friday, February 16, 2024.
Alternative Vehicles,
Fuels,
Other Transport,
Trucking,
EV,
Electric Vehicles,
Vehicle Technology,
Automotive,
General Automotive,
Transport,
Logistics,
Supply Chain Management,
Fleet Management,
Supreme court,
Proxy Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro”, or the “Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced that Cenntro shareholders have voted in favor of the proposed scheme of arrangement in which Cenntro will redomicile from Australia to the United States (“Scheme”), and under which Cenntro will become a wholly owned subsidiary of Cenntro Inc. (“HoldCo”), a United States ("U.S.”) company incorporated in accordance with the laws of the State of Nevada for the purpose of effecting the Cenntro's redomiciliation to the U.S.
Key Points:
- Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro”, or the “Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced that Cenntro shareholders have voted in favor of the proposed scheme of arrangement in which Cenntro will redomicile from Australia to the United States (“Scheme”), and under which Cenntro will become a wholly owned subsidiary of Cenntro Inc. (“HoldCo”), a United States ("U.S.”) company incorporated in accordance with the laws of the State of Nevada for the purpose of effecting the Cenntro's redomiciliation to the U.S.
All times and dates set forth in this press release refer to the time and date in Australian Eastern Daylight Time, unless specified otherwise.
- Cenntro is pleased to report the resolution to approve the Scheme ("Scheme Resolution"), as set out in the Notice of Meeting included within the scheme booklet that is contained within the Definitive Proxy Statement on Schedule 14A filed with the United States Securities and Exchange (“SEC”) on December 15, 2023 (the “Scheme Booklet”), was passed by the requisite majorities of Cenntro shareholders present at the scheme meeting held on Wednesday, January 24, 2024 (United States Eastern Standard Time) ("Scheme Meeting") pursuant to orders made by the Supreme Court of New South Wales, Australia ("Court").
- 71.16% of Cenntro shareholders present and voting (in person or by proxy, attorney or corporate representative) voted in favor of the Scheme Resolution; and
97.51% of the votes cast by Cenntro shareholders were in favor of the Scheme Resolution.
- Details of the valid proxies received and votes cast at the Scheme Meeting are set out below.
Retrieved on:
Wednesday, January 17, 2024
Automotive,
Automotive Manufacturing,
Other Automotive,
EV,
Electric Vehicles,
Manufacturing,
Alternative Vehicles,
Fuels,
MinterEllison,
Unit,
Independent,
AEST,
Investment,
Phillip Street, Sydney,
Proxy,
Corporation,
Court,
CST,
Hearing,
Scheme,
Eastern Time Zone,
Supreme court,
Attention,
EST,
Security (finance) Cenntro confirms that the Scheme Booklet was registered with the Australian Securities and Investments Commission on 14 December 2023 (AEST).
Key Points:
- Cenntro confirms that the Scheme Booklet was registered with the Australian Securities and Investments Commission on 14 December 2023 (AEST).
- The Scheme Booklet will be sent to Cenntro Shareholders who have requested a hard copy on or before Friday, December 15, 2023.
- Cenntro Shareholders should read the Scheme Booklet in its entirety before making a decision on whether or not to vote in favor of the Scheme.
- The Independent Expert concluded the Scheme is in the best interests of Cenntro Shareholders, in the absence of a superior proposal.
Retrieved on:
Wednesday, December 27, 2023
Software,
Autonomous Driving,
Vehicles,
EV,
Electric Vehicles,
Alternative Vehicles,
Fuels,
Automotive,
Technology,
Manufacturing,
Security,
OEM,
European,
Original equipment manufacturer,
UN,
Safety,
Medical device Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced Cenntro has received a Certificate of Compliance for Cybersecurity Management System (UN Regulation number: R155) and a Certificate of Compliance for Software Update Management System (UN Regulation number: R156).
Key Points:
- Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced Cenntro has received a Certificate of Compliance for Cybersecurity Management System (UN Regulation number: R155) and a Certificate of Compliance for Software Update Management System (UN Regulation number: R156).
- UN R155 addresses vehicles’ ability to withstand cyberattacks, and UN R156 provides a framework for dealing with this challenge.
- By implementing EU standards, Cenntro has satisfied vehicle cybersecurity requirements and can continue to sell its product portfolio throughout the European Union.
- These certificates will be required by OEMs, which must be compliant with new EU regulations to sell road vehicles in the EU.
Retrieved on:
Tuesday, December 26, 2023
Cenntro Electric Group Limited (NASDAQ: CENN) ("Cenntro" or "the Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, announced today that on December 22, 2023, the Company received written notice from The Nasdaq Stock Market LLC ("Nasdaq") that for the ten consecutive business days from December 8, 2023, to December 21, 2023, the closing bid price of the Company's common stock has been at $1.00 per share or greater.
Key Points:
- Cenntro Electric Group Limited (NASDAQ: CENN) ("Cenntro" or "the Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, announced today that on December 22, 2023, the Company received written notice from The Nasdaq Stock Market LLC ("Nasdaq") that for the ten consecutive business days from December 8, 2023, to December 21, 2023, the closing bid price of the Company's common stock has been at $1.00 per share or greater.
- Accordingly, Cenntro has regained compliance with Nasdaq Listing Rule 5550(a)(2).
Retrieved on:
Tuesday, December 19, 2023
Public Transport,
Environment,
Alternative Vehicles,
Fuels,
Trucking,
EV,
Electric Vehicles,
Automotive,
Transport,
Automotive Manufacturing,
Manufacturing,
Green Technology,
Carbon footprint,
Sale,
HVIP,
CARB,
Certification,
Renewable energy Preceding the HVIP approval, Cenntro’s LS400 received certification from CARB as a zero-emission vehicle in the state of California in June of this year.
Key Points:
- Preceding the HVIP approval, Cenntro’s LS400 received certification from CARB as a zero-emission vehicle in the state of California in June of this year.
- The zero-emission vehicle certification is awarded to vehicle manufacturers that meet specific emissions standards in compliance with CARB regulations.
- The LS400’s certification as a zero-emission vehicle cleared the way for the LS400 to be approved for participation in the HVIP.
- We expect this incentive to drive sales in California as we propel commercial fleet electrification across the US and worldwide.”
Retrieved on:
Thursday, December 14, 2023
Vehicle Technology,
Automotive,
General Automotive,
Automotive Manufacturing,
EV,
Electric Vehicles,
Manufacturing,
Attention,
Eastern Time Zone,
Corporation,
MinterEllison,
Independent Expert Panel,
Phillip Street, Sydney,
AET,
Supreme court,
Investment,
AEDT,
Unit,
Independent,
Scheme,
EST,
Shareholder,
Hearing,
Court,
CST,
Security (finance),
Cryptocurrency,
Freehold Cenntro confirms that the Scheme Booklet was registered with the Australian Securities and Investments Commission on 14 December 2023 (AET).
Key Points:
- Cenntro confirms that the Scheme Booklet was registered with the Australian Securities and Investments Commission on 14 December 2023 (AET).
- A copy of the Scheme Booklet is attached as Annexure A to this announcement and will be made available online at www.cenntroauto.com .
- The Scheme Booklet will be sent to Cenntro Shareholders who have requested a hard copy on or before Friday, 15 December 2023 (EST).
- Cenntro Shareholders should read the Scheme Booklet in its entirety before making a decision on whether or not to vote in favor of the Scheme.
