BlackRock, Inc. Discloses Significant Share Dealings in ENN Energy Holdings Amid Privatisation Scheme

On April 30, 2026, BlackRock, Inc. filed a Public Disclosure Form detailing its recent dealings in the shares of ENN Energy Holdings Ltd, as required by Rule 22 of the Hong Kong Code on Takeovers and Mergers. The disclosure comes in the context of ENN Energy’s privatisation by way of scheme of arrangement—a process that is closely watched by shareholders and investors due to its potential impact on the company’s share value and future status.

Key Points from the Report

• BlackRock’s Transactions: On April 29, 2026, BlackRock made several purchases and sales of ENN Energy shares:
  • Purchase of 5,200 shares at \$62.8000 each
  • Purchase of 1,300 shares at \$62.7346 each
  • Purchase of 3,600 shares at \$62.7958 each
  • Sale of 3,200 shares at \$62.8000 each
  • Sale of 16,500 shares at \$62.7088 each
  • Sale of 24,700 shares at \$62.7071 each
• Resultant Shareholding: After these transactions, BlackRock holds 70,628,622 shares in ENN Energy Holdings Ltd., representing 6.2402% of the company’s total share capital.
• Nature of Dealings: All transactions were made for the accounts of discretionary investment clients, indicating that these are not proprietary trades, but rather made on behalf of clients managed by BlackRock.
• BlackRock’s Status: BlackRock, Inc. is classified as a Class (6) associate of ENN Energy Holdings Ltd. due to its substantial holdings of ordinary shares.

Potentially Price-Sensitive Information

• Market Activity During Privatisation: The timing of BlackRock’s share dealings is notable, occurring just as ENN Energy is undergoing a privatisation scheme. Such activity from a major institutional investor could signal confidence or strategic positioning, influencing market perception and potentially affecting the share price.
• Share Price Levels: All reported transactions occurred at prices around \$62.70–\$62.80 per share. Investors should monitor these price levels as they may serve as reference points for future trading activity, especially in the context of the privatisation process.
• Change in Shareholding: While BlackRock’s overall percentage holding decreased slightly, its continued large stake reinforces its position as a significant shareholder, which may be relevant in voting or influencing the outcome of the privatisation scheme.

What Shareholders Need to Know

• The privatisation by scheme of arrangement is a material corporate event that could change the structure, valuation, and liquidity of ENN Energy Holdings Ltd. shares.
• Active trading by a major institutional investor like BlackRock during this period is noteworthy and could reflect internal views on the value or prospects of ENN Energy, possibly affecting other institutional or retail investors’ decisions.
• Investors should pay attention to future disclosures and developments regarding the privatisation, as further significant share dealings or announcements may trigger share price movements.

Conclusion

This disclosure is highly relevant for investors tracking ENN Energy Holdings Ltd., especially in light of the ongoing privatisation scheme. The share dealings by BlackRock, Inc.—one of the largest institutional shareholders—are potentially price-sensitive and may impact investor sentiment and the company’s share value in both the short and medium term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The information provided is based on publicly disclosed transactions and may be subject to change.

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