ENN Energy Announces Share Option Exercise Amid Privatization Proposal

ENN Energy Holdings ( (HK:2688) ) has provided an update.

ENN Energy Holdings Limited has announced an update regarding the exercise of share options under its 2012 Share Option Scheme, resulting in the issuance of 500 new shares. This update is part of a broader proposal by ENN Natural Gas Co., Ltd. to privatize ENN Energy through a scheme of arrangement. Stakeholders are advised to exercise caution as the proposal is subject to certain pre-conditions and conditions that may affect its implementation.

The most recent analyst rating on (HK:2688) stock is a Buy with a HK$80.00 price target. To see the full list of analyst forecasts on ENN Energy Holdings stock, see the HK:2688 Stock Forecast page.

More about ENN Energy Holdings

ENN Energy Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the energy sector. It focuses on the provision of natural gas and energy-related services, positioning itself as a significant player in the energy market.

Average Trading Volume: 7,165,426

Technical Sentiment Signal: Buy

Current Market Cap: HK$71.72B

For an in-depth examination of 2688 stock, go to TipRanks’ Stock Analysis page.