Latest news with #ENNEnergyHoldingsLtd.
Bloomberg
27-03-2025
- Business
- Bloomberg
ENN Energy Gets $11.6 Billion Buyout Offer From Major Holder
The top shareholder of ENN Energy Holdings Ltd. has made a take-private offer that values the Chinese gas distributor about HK$90.5 billion ($11.6 billion), pushing the company's Hong Kong-listed shares up as much as 17%. Shanghai-listed ENN Natural Gas Co. is offering HK$24.50 in cash and about 2.94 H shares of ENN Natural Gas for each ENN Energy share that it doesn't already own, according to a stock exchange filing Wednesday. The bid values ENN Energy at about HK$80 per share, representing a nearly 35% premium to its last closing price on March 18.
Bloomberg
26-03-2025
- Business
- Bloomberg
ENN Energy Gets Privatization Offer at HK$24.50 Per Share
ENN Energy Holdings Ltd., a Chinese gas distribution company listed in Hong Kong, received an offer to go private from another unit of its parent company. ENN received the offer at HK$24.50 ($3.15) per share, plus almost three shares of ENN Natural Gas, an affiliated firm, according to a filing.
