Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
ENN ENERGY Proposed Privatization by Parent at 34.6% Premium; Trading to Resume Tmr
Recommend 12 Positive 13 Negative 17 |
||||
|
||||
|
ENN ENERGY (02688.HK) announced that its controlling shareholder, ENN (600803.SH), proposed a privatization to the company through a scheme of arrangement. The offer values each ENN ENERGY share at 2.9427 ENN ENERGY H-shares plus a cash consideration of HKD24.5. This cancellation price represents a premium of approximately 34.57% over the closing price of HKD59.45 per ENN ENERGY Share as quoted on the Hong Kong Stock Exchange on the Last Trading Day. Upon the Scheme becoming effective, all Scheme Shares will be cancelled. ENN ENERGY will apply to the Hong Kong Stock Exchange for the withdrawal of the listing of its shares on the Hong Kong Stock Exchange. At the request of ENN ENERGY, trading in the ENN ENERGY Shares and the Notes on the Hong Kong Stock Exchange was halted with effect from March 19, 2025. Application has been made to resume trading from tomorrow (27th). AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
