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The latest announcement is out from ENN Energy Holdings ( (HK:2688) ).
ENN Natural Gas has completed the repurchase and cancellation of a total of 1,302,500 restricted A shares previously granted under its 2021 and 2025 restricted share incentive schemes, mainly due to grantees’ performance, employment cessation and job adjustments, reducing its total share capital to 3,095,785,107 shares. The company and the offeror have reminded associates and major holders of ENN-NG and ENN securities of their disclosure obligations for dealings under the Hong Kong Takeovers Code during the ongoing offer period, as the proposed listing, privatisation proposal and related share option arrangements remain subject to pre-conditions and conditions, underscoring heightened regulatory scrutiny and transparency requirements for stakeholders.
The most recent analyst rating on (HK:2688) stock is a Buy with a HK$79.00 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 Natural Gas Co., Ltd. (ENN-NG) is a PRC-incorporated natural gas company listed in Shanghai, operating within the broader ENN Group’s energy portfolio. Through entities including ENN Energy Holdings and Xinneng (Hong Kong) Energy Investment, the group focuses on natural gas distribution and related energy services, with its shares and incentive schemes actively managed under Hong Kong’s Takeovers Code framework.
Average Trading Volume: 3,795,720
Technical Sentiment Signal: Buy
Current Market Cap: HK$77.01B
See more insights into 2688 stock on TipRanks’ Stock Analysis page.