The latest update is out from ENN Energy Holdings ( (HK:2688) ).
ENN Energy Holdings Limited has announced a pre-conditional proposal to privatize the company through a scheme of arrangement, which could lead to its delisting. Altus Capital Limited has been appointed as the Independent Financial Adviser to guide the Independent Board Committee on this proposal. The proposal is subject to certain pre-conditions and conditions, and stakeholders are advised to exercise caution when dealing with the company’s securities as the proposal may or may not be implemented.
More about ENN Energy Holdings
ENN Energy Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the energy sector. It focuses on providing natural gas services and energy solutions, catering to a diverse market that includes industrial, commercial, and residential customers.
YTD Price Performance: 19.97%
Average Trading Volume: 1,649
Technical Sentiment Signal: Hold
Current Market Cap: $8.64B
For a thorough assessment of 2688 stock, go to TipRanks’ Stock Analysis page.