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EH.US
id: 1066, Created by , Scout

EHang Holdings (EH) Fake Preorder Book and Early Sales Case

  • On November 7, 2023 Hindenburg Research released a report exposing EHang (EH)’s non-existent preorders, financial and certification problems, flagrantly misleading statements, and overall credibility issues.
  • On it, $EH fell 12.7%, losing $114M+ of shareholder value.
  • Investors may have grounds to suspect EHang of distributing fraudulent information about its business, which led to their losses.
On November 7, 2023 Hindenburg Research released a report entitled “EHang: Hollow Order Book And Fake Sales Make This China-Based eVTOL Company Last In Line For Takeoff”, accusing the Company of non-existent preorders, financial and certification problems, flagrantly misleading statements, and overall credibility issues. Hindenburg Research supplemented the report with a disclosure of having taken a short position in shares of EHang Holdings Limited.

On this news, $EH fell 12.7% and lost over $114 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect EHang of fraud, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07 November 2023
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Ehang Holdings Ltd

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, d...

    Ticker
    EH.US
    ISIN
    US26853E1029
    Sector
    Industrials
    Industry
    Aerospace & Defense
    Country
    USA
    Address
    Building one, Guangzhou, China, 510700