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The latest announcement is out from ENN Energy Holdings ( (HK:2688) ).
ENN Energy Holdings Limited has announced a pre-conditional proposal to privatize the company through a scheme of arrangement under the Companies Act, alongside a proposed withdrawal of its listing. The progress update reveals that while one of the pre-conditions has been fulfilled, others are still pending, including necessary approvals and filings with relevant authorities. The company is actively working with governmental bodies to meet these requirements, and further announcements will be made as conditions are satisfied.
The most recent analyst rating on (HK:2688) stock is a Hold with a HK$64.50 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 with limited liability, operating in the energy sector. It is associated with ENN Natural Gas Co., Ltd., a joint stock company in China, and Xinneng (Hong Kong) Energy Investment Limited, focusing on energy investment and management.
YTD Price Performance: 18.41%
Average Trading Volume: 3,448,319
Technical Sentiment Signal: Hold
Current Market Cap: HK$71.89B
Learn more about 2688 stock on TipRanks’ Stock Analysis page.