ENN Energy Chairman Increases Stake With 300,000-Share Purchase at HK$48.51 Each
Deep News
Yesterday
A filing with the Hong Kong Stock Exchange reveals that on September 11, Chairman Wang Yusuo acquired 300,000 additional shares of ENN Energy (02688) at an average price of HK$48.5051 per share. This transaction totaled approximately HK$14.55 million. Following the purchase, his total shareholding now stands at around 396 million shares, representing a 35.03% stake in the company.
The chairman's latest buy signals continued confidence in the energy firm's prospects, as the increased position solidifies his control over the company's ownership structure. Market participants are likely to view this insider activity as a positive indicator for the stock's future performance.
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