ENN Energy Holdings ( (HK:2688) ) has provided an update.
ENN Energy Holdings Limited has announced a pre-conditional proposal to privatize the company through a scheme of arrangement under the Companies Act of the Cayman Islands. This move is part of a strategic initiative involving ENN Natural Gas Co., Ltd. and Xinneng (Hong Kong) Energy Investment Limited. The proposal’s progress includes the publication of various reports on the Shanghai Stock Exchange, detailing financial valuations and audit reports necessary for stakeholder consideration. The proposal is subject to approval by at least two-thirds of the voting rights of ENN-NG Independent Shareholders at the upcoming general meeting.
More about ENN Energy Holdings
ENN Energy Holdings Limited operates in the energy sector, focusing on natural gas distribution and related services. The company is involved in the privatization proposal by ENN Natural Gas Co., Ltd. and Xinneng (Hong Kong) Energy Investment Limited.
YTD Price Performance: 19.51%
Average Trading Volume: 1,885
Technical Sentiment Signal: Hold
Current Market Cap: $9.03B
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