New Energy Systems (NEWN -12%) swing wildly today, first surging +14% during the pre-opening trade then dropping hard after its Chairman and CEO Weihe Yu withdrew an offer to take the company private for $1.30 per share.
New Energy Systems (NEWN -5%) is down this morning after Paul Li, who was scheduled to become the new CFO on August 16, decides not to join the company due to personal reasons. The company's current CFO will continue to serve in the interim until a permanent replacement is secured.
Lithium battery maker New Energy Systems (NEWN) finished the day up a stunning +66% after introducing three new remote power Anytone models for tablets and mobile devices. It begins shipping to its distributors in August, and will formally launch in September.