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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, alongside a proposed withdrawal of its listing. The company has completed the necessary filings with the National Development and Reform Commission (NDRC) regarding this proposal, marking progress in fulfilling pre-conditions required for the proposal’s execution. However, several pre-conditions remain unfulfilled, and further announcements will be made as these conditions are met.
The most recent analyst rating on (HK:2688) stock is a Hold with a HK$68.00 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, primarily involved in 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 natural gas and energy investments.
Average Trading Volume: 3,341,861
Technical Sentiment Signal: Hold
Current Market Cap: HK$72.57B
For a thorough assessment of 2688 stock, go to TipRanks’ Stock Analysis page.