Naked Brand Group Enters EV industry acquisition of Cenntro Automotive Group.
11/08/2021 (MT Newswires) -- Naked Brand Group (NAKD) and Cenntro Automotive Group, Inc. said Monday that they have entered into a definitive agreement under which Naked will acquire the outstanding stock in three entities comprising Cenntro Automotive Group in a stock for stock acquisition agreement According to a media release, Cenntro is a commercial EV technology company with advanced market-validated commercial vehicles and autonomous driving technologies.Upon completion of the transaction, the company expects to change its name to Cenntro Automotive Group and retain its Nasdaq listing and ticker symbol "NAKD".The transaction is expected to close by the year-end of 2021.
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