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
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