Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Naked Brand Group stock soars 30% after hours on merger deal with Cenntro Automotive

by
November 9, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Shares of lingerie and swimwear company Naked Brand Group Ltd. rose 31% after hours to 93 cents as the company agreed to merge with electric vehicle company Cenntro Automotive Group.

Naked Brand Group
NAKD,
+6.06%

Chief Executive Justin Davis-Rice said in September that “after extensive searching and due diligence, we believe we have found a disruptive opportunity in the clean technology sector” and the company believed “the path to a definitive agreement is in sight.

RELATED POSTS

Schedule for Week of October 1, 2023

Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor

“I have always been attracted to commercial opportunities that benefit our environment and help contribute to the growing ESG mandates that major corporations are implementing today across the globe,” he said.

Naked Brand Group said Monday that Cenntro expects 2021 revenue of $25.3 million and 2022 revenue of $506 million.

“Cenntro has excellent visibility into future revenue through a strong backlog of orders,” Naked Brand Group said, and it plans to scale production in January 2022 through new facilities in Jacksonville, Fla., and Dusseldorf, Germany.

Cenntro’s products include delivery vehicles and off-road vehicles used at places including farms, warehouses and construction sites.

ShareTweetPin

Related Posts

Schedule for Week of October 1, 2023

by
October 1, 2023
0

by Calculated Risk on 9/30/2023 08:11:00 AM The key report scheduled for this week is the September employment report on...

Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor

by
October 1, 2023
0

S&P 500 4,288.05 -11.65(-0.27%)   Dow 30 33,507.50 -158.84(-0.47%)   Nasdaq 13,219.32 +18.05(+0.14%)   Russell 2000 1,785.10 -9.21(-0.51%)   Crude...

Dow Jones Futures Loom With Government Shutdown Averted; Tesla Deliveries Due

by
October 1, 2023
0

Post Content

9 Stocks Turn $10,000 Into $139,936 In 9 Months

by
October 1, 2023
0

Post Content

Beyonce’s Renaissance World Tour in talks with AMC for a concert film

by
October 1, 2023
0

Beyonce performs onstage during the Renaissance World Tour. Kevin Mazur | Wireimage | Getty Images Beyonce's Renaissance World Tour may...

Next Post

GE to break up into 3 companies focusing on aviation, health care and energy

Dow futures edge lower after new highs; GE jumps on news it will split into 3 companies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net