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ENN Energy Updates on Share Option Exercise Amid Privatization Proposal

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ENN Energy Updates on Share Option Exercise Amid Privatization Proposal

Confident Investing Starts Here:

An announcement from ENN Energy Holdings ( (HK:2688) ) is now available.

ENN Energy Holdings Limited announced an update regarding its securities following the exercise of 100 share options under its 2012 Share Option Scheme, resulting in the issuance of 100 new shares. This update is part of a broader proposal by Xinneng (Hong Kong) Energy Investment Limited to privatize ENN Energy through a scheme of arrangement, which is subject to certain pre-conditions and conditions. Stakeholders are advised to exercise caution as the proposal’s implementation is not guaranteed.

The most recent analyst rating on (HK:2688) stock is a Buy with a HK$80.00 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, primarily operating in the energy sector. The company is involved in the natural gas industry, focusing on the distribution and sale of natural gas and other energy-related services.

Average Trading Volume: 6,959,328

Technical Sentiment Signal: Buy

Current Market Cap: HK$72.23B

Learn more about 2688 stock on TipRanks’ Stock Analysis page.

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