ENN Energy Holdings ( (HK:2688) ) just unveiled an announcement.
ENN Energy Holdings Limited has announced a pre-conditional proposal to privatize the company through a scheme of arrangement under the Companies Act. This proposal includes the withdrawal of its listing and the resumption of trading, offering a significant premium over recent share prices. The scheme is contingent on fulfilling certain pre-conditions and conditions, with the offeror proposing a combination of ENN-NG H Shares and cash consideration for the scheme shareholders. The move is expected to impact the company’s market positioning by potentially increasing shareholder value and altering its public trading status.
More about ENN Energy Holdings
ENN Energy Holdings Limited is a company incorporated in the Cayman Islands with limited liability, primarily involved in the energy sector. It is associated with ENN Natural Gas Co., Ltd., a joint stock company incorporated in China, focusing on natural gas and energy solutions.
YTD Price Performance: 14.81%
Average Trading Volume: 1,192
Technical Sentiment Signal: Buy
Current Market Cap: $8.63B
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