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ENN Energy Holdings Proposes Privatization and Listing Withdrawal

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ENN Energy Holdings Proposes Privatization and Listing Withdrawal

Confident Investing Starts Here:

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, alongside a proposed withdrawal of its listing. The company has completed a consultation with the Anti-trust Bureau of SAMR, which confirmed that the proposal does not require a merger control filing, indicating a significant step forward in the privatization process. However, none of the pre-conditions have been satisfied yet, and stakeholders are advised to exercise caution as the proposal may or may not proceed.

More about ENN Energy Holdings

ENN Energy Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the energy sector. It operates in collaboration with ENN Natural Gas Co., Ltd., a joint stock company in China, focusing on natural gas and energy investment services.

YTD Price Performance: 19.97%

Average Trading Volume: 1,712

Technical Sentiment Signal: Hold

Current Market Cap: $8.8B

Find detailed analytics on 2688 stock on TipRanks’ Stock Analysis page.

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