** ENN Energy Holdings 2688.HK soars 17.3% to HK$69.75, highest since June 14, 2024
** Top pct gainer on Hang Seng Index .HSI, which is up 0.2%
** Shanghai-listed ENN Natural Gas 600803.SS climbs 2.1% to 20.06 yuan
** ENN Natural Gas, which holds 34.28% stake in ENN Energy, proposes to buy the rest of the clean energy distributor for HK$59.48 bln to streamline ops
** Natural gas operators are urgently required to integrate upstream and downstream resources to better respond to changes in global supply chain, ENN Energy and ENN Natural Gas said
** Offer made on March 18 values each ENN Energy share at HK$80, a 47.6% premium to close of HK$54.20 on March 14
** ENN Energy gains 16.6% YTD
($1 = HK$7.7753)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.