BlackRock Increases Stake in ENN Energy Holdings Amid Privatisation Scheme

Key Points from Public Disclosure

• Date of Disclosure: 17 February 2026
• Event: Disclosure of share dealings in ENN Energy Holdings Ltd in connection with its privatisation by way of a scheme of arrangement.
• Major Buyer: BlackRock, Inc., a significant global investment management corporation.
• Type of Dealings: Purchases of ENN Energy Holdings Ltd shares.
• Purchases Details:
  • On 16 February 2026, BlackRock purchased 32,800 shares at a price of \$69.6372 per share.
  • On the same day, BlackRock purchased an additional 22,000 shares at a price of \$68.8670 per share.
• Resultant Holdings: Following these transactions, BlackRock’s total holding in ENN Energy Holdings Ltd increased to 69,232,240 shares, representing approximately 6.1168% of the company’s total share capital.
• Nature of Holdings: The transactions were made for the account of discretionary investment clients.

Important Considerations for Shareholders

• Privatisation in Progress: The dealings were disclosed in the context of a planned privatisation of ENN Energy Holdings Ltd via a scheme of arrangement. This process could entail significant changes in the company’s ownership structure and future listing status, which are crucial for current and prospective shareholders to monitor.
• BlackRock’s Strategic Moves: The increased stake by BlackRock, a Class (6) associate of ENN Energy Holdings Ltd, signals continued institutional confidence in the company’s prospects during a sensitive corporate action. Movements by such large investors can often influence market sentiment and share price volatility.
• Potential Share Price Impact: The purchase prices—\$69.6372 and \$68.8670 per share—can serve as reference points for market participants. Significant buying activity at these price levels by a major institutional investor may provide support or indicate perceived value at or near these levels.
• Regulatory Disclosure: These dealings were made under Rule 22 of the Hong Kong Code on Takeovers and Mergers, underscoring the regulatory scrutiny surrounding any share dealings during the takeover process.

Implications for Investors

The disclosure of BlackRock’s increased holdings in ENN Energy Holdings Ltd comes at a critical juncture as the company undergoes a potential privatisation. Institutional activity of this magnitude is likely to be closely watched by market participants, as it could influence the outcome of the privatisation process and the company’s future valuation. Investors should pay close attention to further developments and monitor any additional disclosures or changes in major shareholdings, as these could have significant price-sensitive implications.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research and consult with professional financial advisors before making investment decisions. The information is based on public disclosures as of 17 February 2026 and may be subject to change.

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