Greenland Technologies hit with derivative suit seeking $38M+ damages and spin-off injunction

Greenland Technologies Holding Corp.

Derivative action filed Apr. 26 in NJ federal court against all directors, CEO, and controlling shareholder Cenntro Holding.
Complaint alleges breach of fiduciary duties, waste, and Section 16(a) violations; seeks at least $38,060,365 in damages.
Plaintiffs seek to block proposed spin-off and restrict Chairman Peter Wang from selling shares until Cenntro pays company.
Audit committee dismissed WWC and engaged Enrome as auditor for FY2024; no prior disagreements or reportable events.

item 4.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Greenland Technologies Holding Corp. dismissed WWC P.C. as its auditor.

Action: dismissal
Auditor: WWC P.C.

Exact text from the filing

the audit committee of the board of directors of Greenland Technologies Holding Corporation (the "Company") approved the dismissal of WWC P.C., an independent registered public accounting firm ("WWC")

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Greenland Technologies Holding Corp. engaged Enrome LLP as its auditor.

Action: engagement
Auditor: Enrome LLP

Exact text from the filing

approved and ratified the engagement of Enrome LLP ("Enrome") to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024

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47 auditor changes filed in the last 30 days. Browse all auditor changes →

Greenland Technologies Holding Corp. filing history →

Source: SEC EDGAR

accession 0001213900-24-039555

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