Reported 4 days ago
ENN Natural Gas Co., the largest shareholder of ENN Energy Holdings Ltd., has made a take-private offer valuing the company at approximately HK$90.5 billion ($11.6 billion), resulting in a significant rise in its Hong Kong shares. The offer, which includes cash and stock, comes as ENN Natural Gas prepares to reorganize before a proposed listing in Hong Kong and plans to delist ENN Energy after the transaction.
Source: YAHOO