BlackRock, Inc. Increases Stake in ENN Energy Holdings Amid Privatisation Scheme

Key Highlights

• Date of disclosure: 28 February 2026
• Subject: Privatisation by way of scheme of arrangement for ENN Energy Holdings Ltd
• Disclosing Party: BlackRock, Inc., a significant institutional investor and Class (6) associate of ENN Energy Holdings Ltd
• Type of dealings: Multiple purchases and sales of ENN Energy shares on 27 February 2026

Detailed Share Dealings

On 27 February 2026, BlackRock, Inc. executed a series of significant share transactions in ENN Energy Holdings Ltd, which are noteworthy for shareholders and market watchers due to the ongoing privatisation scheme. The transactions included:

• Purchase of 301,400 shares at \$68.7032 per share, raising the total holding to 61,846,990 shares (5.4643% of class)
• Purchase of 191,900 shares at \$68.8000 per share, raising the total holding to 62,038,890 shares (5.4812% of class)
• Purchase of 37,600 shares at \$68.5073 per share, further increasing the holding to 62,076,490 shares (5.4846% of class)
• Purchase of 4,200 shares at \$68.4595 per share, with a new total of 62,080,690 shares (5.4849% of class)
• Purchase of 824,000 shares at \$68.6598 per share, raising the stake to 62,904,690 shares (5.5577% of class)
• Sale of 202,500 shares at \$68.8000 per share, reducing the holding to 62,702,190 shares (5.5398% of class)
• Purchase of 4,800 shares at \$68.4104 per share, increasing the total to 62,706,990 shares (5.5403% of class)
• Sale of 3,300 shares at \$68.5774 per share, with a final holding of 62,703,690 shares (5.5400% of class)

All transactions were conducted for the accounts of discretionary investment clients of BlackRock, Inc., which ultimately owns the shares.

Implications for Shareholders

• Rising Institutional Interest: BlackRock, Inc., one of the world’s largest asset managers, has increased its stake in ENN Energy Holdings Ltd to over 5.54%. The scale and consistency of these purchases indicate strong institutional confidence in the company’s prospects amid the privatisation process.
• Potential Price Sensitivity: The average purchase price in these transactions hovered around \$68.50 to \$68.80 per share, which may serve as a short-term price anchor or support level for the stock.
• Privatisation Context: The transactions come at a critical juncture as ENN Energy is undergoing a privatisation by way of a scheme of arrangement. Significant movements by major institutional shareholders like BlackRock could influence the outcome or market perception of the privatisation bid.
• Regulatory Disclosure: The transactions were made public under Rule 22 of the Hong Kong Code on Takeovers and Mergers, underscoring their materiality and relevance to current and prospective shareholders.

What Investors Should Watch

• The increased stake by BlackRock may signal expectations of a favourable privatisation outcome or future upside in ENN Energy’s share price.
• Any further significant share acquisitions or disposals by large shareholders will likely be closely monitored by the market, and could trigger further price movements.
• Investors should remain alert to additional disclosures, especially as the privatisation process progresses, as these could have direct implications for share valuation and deal terms.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making any investment decisions. The information provided is based on publicly disclosed documents and may be subject to further updates or revisions.

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