ENN Energy Holdings Proposes Privatization and H Share Listing

ENN Energy Holdings ( (HK:2688) ) just unveiled an update.

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. Additionally, ENN Natural Gas Co., Ltd. has submitted an application to the Hong Kong Stock Exchange for the listing of its H shares. This move is subject to various pre-conditions, including approval from the Hong Kong Stock Exchange’s Listing Committee. The announcement indicates potential changes in the company’s market presence and implications for shareholders and investors, as the application proof is still in draft form and subject to change.

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 a focus on energy investments. It operates primarily in the natural gas sector through its joint stock company, ENN Natural Gas Co., Ltd., which is incorporated in the People’s Republic of China.

YTD Price Performance: 19.52%

Average Trading Volume: 6,887,080

Technical Sentiment Signal: Buy

Current Market Cap: HK$72.57B

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