ENN Energy Holdings Announces Privatization Proposal and Listing Withdrawal

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 under the Companies Act, along with a proposed withdrawal of its listing. The progress update indicates that while one pre-condition has been fulfilled, others remain pending, including necessary approvals and filings with relevant authorities. The outcome of this proposal could significantly impact the company’s market positioning and shareholder interests.

The most recent analyst rating on (HK:2688) stock is a Buy with a HK$65.00 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 with limited liability, operating within the energy sector. It is associated with ENN Natural Gas Co., Ltd., a joint stock company in China, and Xinneng (Hong Kong) Energy Investment Limited, focusing on energy investments and holdings.

Average Trading Volume: 3,295,607

Technical Sentiment Signal: Hold

Current Market Cap: HK$73.41B

For detailed information about 2688 stock, go to TipRanks’ Stock Analysis page.