BlackRock Increases Stake in ENN Energy Holdings Amid Privatisation Scheme of Arrangement

Key Points for Investors

• Date of Disclosure: 19 February 2026
• Transaction Date: 18 February 2026
• Party Involved: BlackRock, Inc.
• Type of Transaction: Purchase of shares
• Number of Shares Acquired: 426,500
• Purchase Price per Share: HKD \$69.80
• Total Shares Held After Transaction: 60,785,371
• Resultant Percentage of Issued Share Capital: 5.3705%
• Context: Ongoing privatisation of ENN Energy Holdings Ltd by way of scheme of arrangement under the Hong Kong Code on Takeovers and Mergers
• Shares Held on Behalf of: Discretionary investment clients of BlackRock
• BlackRock’s Status: Class (6) associate of ENN Energy Holdings Ltd (the Offeree company)

Details and Analysis

On 19 February 2026, a public disclosure was made regarding significant dealings in the shares of ENN Energy Holdings Ltd amidst its ongoing privatisation process. According to the disclosure, BlackRock, Inc.—one of the world’s largest asset managers and a Class (6) associate of ENN Energy—purchased 426,500 shares of ENN Energy on 18 February 2026. The shares were acquired at a price of HKD \$69.80 per share.

This transaction brings BlackRock’s total holding to 60,785,371 shares, representing 5.3705% of ENN Energy’s issued share capital. The purchase was executed for the accounts of BlackRock’s discretionary investment clients, indicating continued institutional confidence during a period of corporate transformation.

The timing of this transaction is notable as it comes during ENN Energy’s proposed privatisation via a scheme of arrangement under the Hong Kong Code on Takeovers and Mergers. Shareholders should be aware that increased institutional buying, especially by a major global investor like BlackRock, could signal expectations of potential upside or confidence in the privatisation offer or the company’s prospects post-privatisation.

Potential Price-Sensitive Implications

• Increased Institutional Interest: BlackRock’s significant purchase may lead other investors to reassess the value proposition of ENN Energy shares, particularly in the context of the privatisation process. This could potentially support the share price or affect trading volumes.
• Privatisation Scheme: The ongoing privatisation by way of scheme of arrangement is a critical event for all shareholders, as it may result in the company being taken private and shares being delisted. Any substantial movement in holdings by major investors can influence shareholder sentiment and the ultimate acceptance of the offer.
• Price Level: The price paid (HKD \$69.80 per share) could be used as a reference point for investors evaluating the value of their own holdings or the attractiveness of the privatisation offer.

What Shareholders Should Do

Shareholders are advised to monitor further disclosures and official announcements regarding the privatisation scheme. The increased holding by BlackRock, Inc. is a notable development and could be considered when making investment decisions related to ENN Energy Holdings Ltd.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisers before making investment decisions. The author and publisher accept no liability for any loss or damage arising from reliance on the information contained herein.

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