Cenntro Electric Group (CENN) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
Cenntro Electric Group Limited held a shareholder meeting to vote on a scheme of arrangement for the company to redomicile from Australia to Nevada. The resolution required shareholders to agree to the transfer of all issued shares to a new corporation under Nevada laws. The preliminary vote results showed overwhelming support, with 98.42% voting in favor. The final certification of votes is pending, and while the precise date is unknown, the preliminary results suggest the resolution passed by the required majority.
For further insights into CENN corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
