Summary by Moomoo AI
Cenntro Electric Group Limited, an emerging growth company listed on the Nasdaq Capital Market under the trading symbol CENN, held a Scheme Meeting on January 24, 2024, to vote on a proposed scheme of arrangement for the company to redomicile from Australia to Nevada. The preliminary vote results indicate overwhelming support, with 98.42% of votes cast in favor. The Scheme Meeting, which was held concurrently across different time zones, saw participation from 3,528 shareholders. The scheme resolution requires the approval of the Supreme Court of New South Wales, with a court hearing scheduled for February 1, 2024. If approved and other conditions are met, the scheme is expected to be effective on February 2, 2024, with implementation slated for February 12, 2024. The company will update the voting results upon certification and has outlined the key dates for the scheme's implementation, subject to court approval and satisfaction of other conditions.