EHang announced a USD 30 million stock repurchase plan
EHang announced that its board of directors has approved a stock repurchase plan of $30 million. Under this 12-month plan, the company may repurchase its American Depositary Shares (ADS) or common stock, and the company expects to fund the repurchase from existing cash balances and cash generated from operations. Data shows that as of November 21, 2024, the $30 million stock repurchase amount accounts for approximately 3.1% of the company's market value of $967 million. As of the time of publication, EHang's stock rose over 1% in pre-market trading on Friday
According to Zhitong Finance APP, EHang (EH.US) announced that its board of directors has approved a $30 million stock repurchase plan. Under this 12-month plan, the company may repurchase its American Depositary Shares (ADS) or common stock, and the company expects to fund the repurchase from existing cash balances and cash generated from operations. Data shows that as of November 21, 2024, the $30 million stock repurchase amount accounts for approximately 3.1% of the company's market value of $967 million. As of the time of publication, EHang's stock rose over 1% in pre-market trading on Friday