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The latest announcement is out from ENN Energy Holdings ( (HK:2688) ).
ENN Natural Gas Co., Ltd. and Xinneng (Hong Kong) Energy Investment Limited have provided an update on their conditional proposal to privatise ENN Energy Holdings Limited and delist it from the Hong Kong Stock Exchange, confirming completion of a key filing with the Ministry of Commerce in China as part of the regulatory pre-conditions. Alongside earlier approvals from independent shareholders, completion of NDRC filings and confirmation that no merger-control filing with the Anti-trust Bureau of SAMR is required, this latest step signals continued progress toward satisfying all PRC and listing-related pre-conditions necessary for the takeover and privatisation to proceed, with implications for ENN Energy’s future as an unlisted entity and for existing shareholders’ exit terms.
The most recent analyst rating on (HK:2688) stock is a Buy with a HK$81.00 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 Hong Kong–listed natural gas distribution and clean energy services provider, operating under a broader group structure that includes ENN Natural Gas Co., Ltd. The group focuses on integrated natural gas, energy investment and related services in mainland China and internationally, leveraging listings in both Hong Kong and the PRC to support its capital and strategic needs.
YTD Price Performance: 28.94%
Average Trading Volume: 4,024,524
Technical Sentiment Signal: Buy
Current Market Cap: HK$77.56B
For a thorough assessment of 2688 stock, go to TipRanks’ Stock Analysis page.