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The latest announcement is out from ENN Energy Holdings ( (HK:2688) ).
ENN Energy Holdings Limited has announced an update pursuant to Rule 3.8 of the Hong Kong Code on Takeovers and Mergers regarding the exercise of 1,000 share options under its 2012 Share Option Scheme. This update is part of a broader proposal by Xinneng (Hong Kong) Energy Investment Limited to privatize ENN Energy, which involves a scheme of arrangement under the Companies Act of the Cayman Islands. The announcement also reminds associates of the involved parties to disclose their dealings in relevant securities during the offer period, highlighting the ongoing procedural requirements and potential implications for stakeholders.
The most recent analyst rating on (HK:2688) stock is a Buy with a HK$72.00 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 engaged in the energy sector. It focuses on natural gas distribution and energy-related services, operating within the Hong Kong Stock Exchange under the stock code 2688.
YTD Price Performance: 22.50%
Average Trading Volume: 3,354,535
Technical Sentiment Signal: Buy
Current Market Cap: HK$74.37B
For an in-depth examination of 2688 stock, go to TipRanks’ Overview page.