Chijet Motor Refines Corporate Structure and Capital

Chijet Motor Company (CJET) has released an update.

Chijet Motor Company, Inc. has officially amended and restated its Memorandum and Articles of Association following a special resolution, as part of its corporate governance and compliance with Cayman Islands law. The company, which is limited by shares, declared a capital of $30 million, divided into 10 billion shares with a nominal value of $0.003 each. While it continues to have unrestricted objectives, Chijet is not authorized to conduct banking, insurance, or company management businesses in the Cayman Islands without proper licensing.

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