BlackRock, Inc. Disclosure of Dealings in ENN ENERGY HOLDINGS LTD Shares
BlackRock, Inc. Disclosure of Dealings in ENN ENERGY HOLDINGS LTD Shares
Key Points from the Public Disclosure Form
- Date of Disclosure: 26 February 2026
- Context: Privatisation by way of scheme of arrangement for ENN ENERGY HOLDINGS LTD
- Rule Invoked: Rule 22 of the Hong Kong Code on Takeovers and Mergers
- Disclosing Party: BlackRock, Inc. (Class 6 associate of the Offeree company due to its shareholdings)
- Nature of Dealings: All transactions were made for discretionary investment clients
Detailed Summary of Share Transactions
On 25 February 2026, BlackRock, Inc. engaged in multiple transactions involving the shares of ENN ENERGY HOLDINGS LTD. The following are the details of these trades:
| Transaction Type |
Number of Shares |
Price per Share (USD) |
Resultant Balance |
Percentage of Class |
| Purchase |
64,300 |
\$68.6500 |
64,140,037 |
5.6669% |
| Purchase |
18,500 |
\$68.5949 |
64,158,537 |
5.6685% |
| Purchase |
2,400 |
\$68.5438 |
64,160,937 |
5.6687% |
| Sale |
28,364 |
\$68.6509 |
64,132,573 |
5.6662% |
| Purchase |
259,000 |
\$68.6306 |
64,391,573 |
5.6891% |
| Sale |
7,200 |
\$68.6500 |
64,384,373 |
5.6885% |
| Purchase |
5,200 |
\$68.6183 |
64,389,573 |
5.6889% |
| Sale |
30,780 |
\$68.6000 |
64,358,793 |
5.6862% |
| Purchase |
72,200 |
\$68.5479 |
64,430,993 |
5.6926% |
Important Shareholder Information
- BlackRock, Inc.’s holdings in ENN ENERGY HOLDINGS LTD have increased to 64,430,993 shares, representing 5.6926% of the company’s share class.
- The price range for these transactions was tightly clustered around \$68.54 to \$68.65 per share.
- These movements are significant due to the ongoing privatisation by scheme of arrangement, which may impact share liquidity, pricing, and potential takeover dynamics.
- BlackRock, Inc. remains a key stakeholder, and its trading activities could be interpreted as a vote of confidence in the company’s prospects during the privatisation process.
- Frequent purchases and sales within a short timeframe suggest active portfolio management and possible anticipation of price changes related to the privatisation scheme.
Potential Price Sensitivity and Impact
The disclosed series of transactions by BlackRock, Inc.—one of the largest institutional investors—could be price sensitive, especially in the context of a privatisation scheme. Institutional buying at elevated prices may indicate expectations of a higher offer or value, while sales could signal profit-taking or risk management. Investors should be aware that the privatisation process and BlackRock’s dynamic trading could drive volatility and influence price direction in the near term.
Additional Notes
- BlackRock, Inc. is a Class (6) associate, implying a direct interest in the outcome of the privatisation and potential influence over the process.
- Transactions were carried out for discretionary investment clients, meaning the firm’s actions reflect broader institutional investor sentiment.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making any investment decisions. The information is based on disclosed dealings and is subject to change as new developments emerge.
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