Key Disclosure: Morgan Stanley Dealings in ENN Energy Holdings Limited Shares
Morgan Stanley Discloses Significant Dealings in ENN Energy Holdings Shares Amid Privatisation Scheme
Date: 23 February 2026
Subject: Disclosure of Dealings in ENN Energy Holdings Limited in the Context of Proposed Privatisation
Key Points from the Regulatory Disclosure
- Privatisation Scheme Ongoing: The disclosure is related to the ongoing privatisation of ENN Energy Holdings Limited via a scheme of arrangement. This process is governed under the Hong Kong Code on Takeovers and Mergers.
- Material Dealings by Morgan Stanley & Co. International plc: On 20 February 2026, Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, executed significant trades in ENN Energy’s ordinary shares.
- Nature of Dealings: The transactions were conducted as part of the hedging of Delta 1 products, which were created as a result of wholly unsolicited client-driven orders. These dealings were made for Morgan Stanley’s own account.
Detailed Transaction Breakdown
| Date |
Type of Security |
Nature of Dealings |
Transaction Type |
Shares Involved |
Total Amount Paid/Received |
Highest Price (HKD) |
Lowest Price (HKD) |
| 20 Feb 2026 |
Ordinary Shares |
Hedging (Delta 1 Products – Client-driven) |
Purchase |
11,700 |
\$806,185.00 |
\$69.30 |
\$68.45 |
| 20 Feb 2026 |
Ordinary Shares |
Hedging (Delta 1 Products – Client-driven) |
Sale |
381,600 |
\$26,319,396.16 |
\$69.50 |
\$68.25 |
Critical Information for Shareholders
- Price Sensitivity: The highest and lowest prices for the trades ranged from HKD \$68.25 to \$69.50. These price levels could serve as important reference points for shareholders and market participants regarding the current trading range and potential market sentiment surrounding the privatisation.
- Significant Volume: The sale of 381,600 shares is substantial and could potentially impact market liquidity and share price, especially against the backdrop of a privatisation proposal.
- Associate Connection: The involvement of Morgan Stanley & Co. International plc, a connected associate to the Offeror, is notable. As these trades are connected to hedging activities related to client-driven orders, it is important for shareholders to monitor further disclosures, as these could influence the progress and outcome of the privatisation scheme.
- Market Impact: Such dealings, especially from a major institution like Morgan Stanley, can be interpreted by the market as signals regarding the confidence and expectations around ENN Energy’s privatisation, thus potentially affecting short-term share price movements.
What Investors Should Watch
- Any further significant trades or changes in shareholding from connected parties during the privatisation process.
- Regulatory announcements or clarifications regarding the scheme of arrangement, which may affect the deal’s outcome and valuation.
- Fluctuations in trading volumes and price movements near the disclosed ranges, which may signal shifting sentiment or strategic positioning by key stakeholders.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors are advised to perform their own due diligence and consult with professional advisors before making any investment decisions. The information is based on official regulatory disclosures and may be subject to further updates.
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