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ENN Energy Holdings ( (HK:2688) ) just unveiled an update.
ENN Natural Gas Co., Ltd., together with its Hong Kong affiliate Xinneng (Hong Kong) Energy Investment Limited, has advanced its conditional proposal to privatise ENN Energy Holdings Limited and delist it from the Hong Kong Stock Exchange, announcing completion of the required registration with China’s State Administration of Foreign Exchange (SAFE). This SAFE registration fulfils one of the key pre-conditions for proceeding with the privatisation and related share option offer, alongside previously obtained approvals, filings and clearances from Chinese regulators including NDRC, MOFCOM and antitrust authorities as well as approval by ENN-NG’s independent shareholders, marking a significant step toward executing the transaction and potentially reshaping ENN’s capital-market presence and ownership structure.
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 energy company incorporated in the Cayman Islands and associated with ENN Natural Gas Co., Ltd. The group operates in the natural gas and broader energy investment sector, with its shares traded on the Hong Kong Stock Exchange under stock code 2688, and is closely linked to PRC-based regulatory and capital markets through its controlling shareholders and affiliates.
YTD Price Performance: 32.04%
Average Trading Volume: 3,969,827
Technical Sentiment Signal: Buy
Current Market Cap: HK$79.43B
See more data about 2688 stock on TipRanks’ Stock Analysis page.