This article only represents the author's own views.
Chinese energy enterprise ENN Natural Gas Co. Ltd. (600803.SH) is taking an unusual route to becoming a dual-listed company. It will not have to issue any new shares along the way, but the process is by no means straightforward.
The proposed maneuver involves buying out shareholders in a listed subsidiary then effectively taking that unit’s place on the Hong Kong stock market, as the combined company bids to streamline its gas operations and raise its profile with international investors.
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