ENN Energy Holdings Moves Forward with Privatization Proposal

An update from ENN Energy Holdings ( (HK:2688) ) is now available.

ENN Energy Holdings Limited has announced a pre-conditional proposal to privatize the company through a scheme of arrangement, which includes the proposed withdrawal of its listing. The proposal has received approval from at least two-thirds of the ENN-NG independent shareholders, fulfilling a key pre-condition. However, several other pre-conditions, including regulatory approvals and filings, remain outstanding. The company is actively working towards meeting these requirements, which could significantly impact its market positioning and operations.

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, incorporated in the Cayman Islands, operates in the energy sector and is involved in the provision of natural gas services. The company focuses on energy investment and management, primarily serving markets in China and Hong Kong.

Average Trading Volume: 6,919,900

Technical Sentiment Signal: Buy

Current Market Cap: HK$72.17B

See more data about 2688 stock on TipRanks’ Stock Analysis page.