EHang Board Approves Up to $30 Million Share Buyback Plan

MT Newswires Live06-08

EHang's (EH) board has approved the buyback of up to $30 million of American Depositary Shares or ordinary shares, the company said Monday.

The company said the buybacks may take place from time to time over the next 12 months and are expected to be funded mainly from its existing cash balance.

Shares of the company were up 11% in Monday's morning trading.

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