CBAK Energy Technology, Inc. (CBAT), a Nevada corporation, announced Wednesday that it has entered into a merger agreement with its wholly owned subsidiary, CBAK Energy Technology Limited, incorporated in the Cayman Islands (CBAT Cayman).
Under the agreement, CBAK Energy will merge into CBAT Cayman, which will remain as the surviving entity following the redomicile merger. After the merger, CBAT Cayman and its subsidiaries will continue to operate the business largely as it is conducted today.
Upon completion of the merger, each CBAK Energy share will be exchanged for one share of CBAT Cayman.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.