ENN Energy (2688 HK): This Is An Avoid
The Offer pivots on where the newly-listed H-shares trade. The IFA's assessment on the theoretical value of these H-shares is unrealistic.
531 Views
Merger Arb Mondays (31 Mar) - ENN Energy, ESR, Vesync, Seven & I, Topcon, Sinarmas Land, Gold Road
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
947 Views
ENN Energy (2688 HK) Privatization: Details & Index Implications
ENN Natural Gas is looking to privatise ENN Energy in a stock+cash deal. The value received by ENN Energy shareholders largely depends on how ENN...
928 Views
ENN Energy (2688 HK): Third Party Offer?
My initial takeaway is that this not is the Offer investors are seeking. Yes - the headline Offer consideration of $80/share is fair. However,...
1.4k Views
ENN Energy (2688 HK): ENN Natural Gas’ Preconditional Cash/Scrip Offer
There is valuation uncertainty on the yet-to-be-listed ENN-NG H shares. While the appraised value is a tad optimistic, the terms are reasonable....
855 Views