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.

Case Status

Attorney Investigation

Alleged Offence

Misleading Statements,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

07 November 2023

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

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