BlackRock Sells Significant Stake in ENN Energy Holdings Amid Privatisation Scheme

Key Highlights from the Public Disclosure Form

• Date of Disclosure: 20 February 2026
• Transaction Date: 19 February 2026
• Party Involved: BlackRock, Inc.
• Type of Transaction: Sale of shares
• Number of Shares Sold: 321,034
• Sale Price Per Share: \$69.80
• Resultant Holding After Sale: 60,783,467 shares
• Resultant Percentage of Class: 5.3703%
• Context: Privatisation by way of scheme of arrangement for ENN Energy Holdings Ltd.
• Deal Execution: Transactions were executed on the US exchange for the account of discretionary investment clients.

Details and Analysis

In a significant development that could have implications for ENN Energy Holdings Ltd shareholders and the wider market, BlackRock, Inc., a major institutional investor and Class (6) associate of the Offeree company, has disclosed the sale of 321,034 shares in ENN Energy Holdings Ltd on 19 February 2026. The shares were sold at a price of \$69.80 each, with the transactions being executed on the US exchange for discretionary investment clients.

Following this transaction, BlackRock’s total holding in ENN Energy Holdings now stands at 60,783,467 shares, representing approximately 5.3703% of the company’s issued share capital. This is a noteworthy stake and is likely to be closely watched by both institutional and retail investors, especially in light of the ongoing privatisation process by way of scheme of arrangement.

The disclosure was made in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, which requires parties to disclose dealings in the shares of a company subject to a takeover or privatisation scheme.

Potential Price-Sensitive Implications for Shareholders

• Large Share Sale: The sale of a substantial block of shares by a major institutional investor may signal some level of repositioning or reduced confidence in the immediate prospects of ENN Energy Holdings Ltd, possibly in the context of the privatisation scheme. Such sales can sometimes exert downward pressure on the share price, at least in the short term.
• Privatisation Context: The timing of this sale, given the ongoing scheme of arrangement for privatisation, could be interpreted as BlackRock seeking to realise value ahead of anticipated changes to the company’s listing status or capital structure. Investors should closely monitor further disclosures, as additional sales by large shareholders may influence market sentiment and valuations.
• Regulatory Compliance and Transparency: The adherence to disclosure requirements under the Hong Kong Code on Takeovers and Mergers provides transparency for all market participants, enabling them to make informed decisions.

What Should Investors Do?

Investors in ENN Energy Holdings Ltd should pay close attention to further developments regarding the privatisation scheme and monitor shareholding changes by substantial shareholders like BlackRock. The sale of a significant stake can sometimes precede further corporate actions or signal shifting institutional sentiment. Market participants may wish to reassess their positions, considering both the ongoing corporate activity and the potential for further volatility in the share price.

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Investors should conduct their own research or consult a professional advisor before making any investment decisions. The information is based on public disclosures as of the stated date and may be subject to change without notice.

View ENN ENERGY Historical chart here