Detailed Report

BlackRock, Inc., a globally renowned investment firm and a Class (6) associate of ENN Energy Holdings, has significantly increased its stake in the company. On 16 February 2026, BlackRock purchased 1,078,507 shares of ENN Energy Holdings Ltd at a price of \$68.15 per share. This transaction was executed on a US exchange and was carried out for the account of discretionary investment clients.

Following this acquisition, BlackRock’s total holding in ENN Energy Holdings rose to 70,310,747 shares, representing 6.2121% of the company’s outstanding shares. This substantial increase in ownership was disclosed to the market on 17 February 2026, in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers.

The timing of this purchase is particularly noteworthy for investors, as ENN Energy Holdings is currently undergoing a privatisation process via a scheme of arrangement. BlackRock’s increased stake may signal confidence in the company’s future prospects, and could potentially influence the privatisation outcome or the valuation of the shares.

Potential Price-Sensitive Information

• Large Share Purchase: The acquisition of over one million shares by a major institutional investor like BlackRock is likely to be seen as a positive endorsement of ENN Energy Holdings, possibly impacting the share price and investor sentiment.
• Privatisation Context: The privatisation process itself is highly price-sensitive. Any significant shift in shareholding, especially by influential parties, could affect the terms of the scheme or the likelihood of its success.
• Discretionary Investment Clients: The purchase was made for discretionary investment clients, suggesting ongoing institutional interest and confidence in ENN Energy Holdings’ value proposition.

What Shareholders Should Know

• BlackRock, Inc.’s increased shareholding positions it as a more significant stakeholder in ENN Energy Holdings, which could influence future corporate decisions, especially during the privatisation process.
• The disclosed purchase price of \$68.15 per share may provide a reference point for investors evaluating the current market value and any potential offer price during the privatisation.
• The transaction could be interpreted as a sign of confidence from a leading global investor, which may enhance market sentiment and potentially lead to upward price movements.

Conclusion

The disclosure of BlackRock’s substantial share purchase in ENN Energy Holdings at a pivotal moment during the company’s privatisation process is of material importance to investors and shareholders. This move may have implications for the privatisation scheme, share price, and future corporate actions. Shareholders should monitor further developments closely, as institutional confidence and changing ownership dynamics could lead to significant market movements.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a professional financial advisor before making any investment decisions relating to ENN Energy Holdings Ltd or related securities.

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