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Chinese drone company EHang s shares plunged 63% after fraud claim

EHang stock plunges 63% after Wolfpack Research report

EHang stock plunges 63% after Wolfpack Research report CNN 2/17/2021 By Michelle Toh, CNN Business © Zhang Canlong/VCG/Getty Images A man looking at an Ehang aerial vehicle during a conference last November in Wuhan, China. Investors have been dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the Nasdaq-listed firm plummeted nearly 63% in New York on Tuesday after Wolfpack Research released a scathing, detailed report questioning EHang s business. The stock trimmed its losses Wednesday, bouncing 35% higher to about $62 a share. But it remains well below Friday s all-time high of $129.80. EHang has slammed the Wolfpack Research report as deceptive. In a statement Tuesday, the company said that it believes the account contains numerous errors, unsubstantiated statements, and misinterpretation of information.

Crescent Point Announces Accretive Acquisition of Kaybob Duvernay Assets for $900 Million and Enhanced Free Cash Flow

Crescent Point Announces Accretive Acquisition of Kaybob Duvernay Assets for $900 Million and Enhanced Free Cash Flow News provided by Share this article Share this article CALGARY, AB, Feb. 17, 2021 /PRNewswire/ - Crescent Point Energy Corp. ( Crescent Point or the Company ) (TSX: CPG) (NYSE: CPG) is pleased to announce that it has entered into an agreement (the Agreement ) with Shell Canada Energy ( Shell ), an affiliate of Royal Dutch Shell plc, to acquire Shell s Kaybob Duvernay assets in Alberta (the Assets ) for $900 million (the Acquisition ). The total consideration consists of $700 million in cash and 50 million common shares of Crescent Point.   KEY HIGHLIGHTS   Strategic entry into a premier and established liquids rich play with greater than 10 years of high-return, low risk drilling inventory.

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