EHang voluntarily suspends trading on stock pending 'very significant development'

Dow Jones2023-10-09

MW EHang voluntarily suspends trading on stock pending 'very significant development'

EHang Holdings Ltd. (EH) said Monday it won approval from the Nasdaq to voluntarily delist its stock on a temporary basis "in anticipation of an upcoming announcement concerning a very significant development regarding its business operations." The company said it plans to announce the "new development" and to resume the trading of its American depositary stock no later than 5:00 a.m. Eastern Time on Friday. EHang is a specialist in "short-hop pilotless passenger air mobility." Prior to being halted EHang stock was up 7.8% in premarket trades.

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

October 09, 2023 09:24 ET (13:24 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1
1