Significant Share Dealings in ENN ENERGY HOLDINGS LTD by BlackRock, Inc. During Privatisation Process

Key Points from the Report

• Date of Disclosure: 19 February 2026
• Context: The disclosure relates to the ongoing privatisation of ENN ENERGY HOLDINGS LTD via a scheme of arrangement.
• Reporting Requirement: The disclosure was made under Rule 22 of the Hong Kong Code on Takeovers and Mergers.
• Party Involved: BlackRock, Inc., acting as a Class (6) associate of the Offeree company due to its holdings of ordinary shares in ENN ENERGY HOLDINGS LTD.
• Nature of Dealings: Transactions were executed for the account of discretionary investment clients and conducted on the US exchange.

Detailed Transactions

What Investors and Shareholders Need to Know

• Significant Share Movement by Major Institutional Investor: BlackRock, Inc. conducted a sizeable purchase of 319,918 shares and a small sale of 788 shares, both at a price of \$68.15 per share.
• Resultant Shareholding Increase: After the transactions, BlackRock’s total holding in ENN ENERGY HOLDINGS LTD increased to 61,104,501 shares, representing 5.3987% of the entire class.
• Potential Share Price Implications: The timing and size of these dealings are important, given that they occurred during the privatisation process. Such a significant increase in holdings by a major institutional investor could signal confidence in the company’s valuation or outlook amid the corporate action.
• Execution on US Exchange: All transactions were executed on the US exchange, which may indicate liquidity considerations or specific regulatory reasons.
• Discretionary Clients’ Accounts: These dealings were made on behalf of discretionary investment clients, not on BlackRock’s proprietary account.
• Regulatory Relevance: Shareholders should be aware that such disclosures are required under the Takeovers Code, highlighting transparency during sensitive corporate events like privatisations.

Why This News May Impact Share Price

• Investor Sentiment: BlackRock’s decision to significantly increase its stake could be interpreted by the market as a positive signal regarding the outcome or attractiveness of the privatisation scheme.
• Market Dynamics: Substantial share purchases by large institutional investors during a takeover or privatisation process often draw attention and can move share prices, especially if the purchases are at or above the current market price.
• Potential for Further Activity: The disclosure may prompt speculation about further accumulation by major shareholders or possible changes to the privatisation terms.

Conclusion

The disclosure of BlackRock, Inc.’s dealings in ENN ENERGY HOLDINGS LTD shares is a notable development amidst the company’s ongoing privatisation process. The size and timing of the purchase suggest a positive institutional view on the company, which could influence both investor sentiment and the share price in the near term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information is based on public disclosures as of the stated date and may be subject to change.

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