BlackRock Discloses Major Share Dealings in ENN Energy Holdings Amid Privatisation Plans

Key Points for Investors

• Privatisation Scheme: ENN Energy Holdings Ltd is undergoing privatisation via a scheme of arrangement, a move that could significantly affect share value and shareholder interests.
• BlackRock’s Trading Activity: On 20 February 2026, BlackRock, Inc. reported both the sale and purchase of ENN Energy Holdings shares, with a net increase in its holdings.
• Transaction Details:
  • Sale: BlackRock sold 376 shares at \$69.15 per share.
  • Purchase: BlackRock bought 1,569,558 shares at \$69.15 per share.
• Resultant Holdings and Market Share:
  • After these transactions, BlackRock’s total holdings increased to 62,814,519 shares.
  • This represents 5.5498% of the total class, up from 5.4111% before the transaction.
• Nature of Dealings:
  • All dealings were made for discretionary investment clients.
  • Transactions were executed on the US exchange.
• Disclosure Requirement: The transaction was disclosed under Rule 22 of the Hong Kong Code on Takeovers and Mergers, highlighting its relevance to the ongoing privatisation process.
• Associate Status: BlackRock is classified as a Class (6) associate of ENN Energy Holdings Ltd due to its substantial shareholding.

Implications for Shareholders

• Significant Purchase by BlackRock: The acquisition of over 1.5 million shares by BlackRock at a fixed price of \$69.15 per share signals confidence in ENN Energy’s prospects amid the privatisation process. This may be interpreted as a positive endorsement of the company’s value and future outlook.
• Potential Price Sensitivity: Such a substantial transaction by a major institutional investor could have a direct impact on the share price, especially as the company approaches privatisation. Investors should monitor for further disclosures and market movements.
• Privatisation Considerations: The scheme of arrangement typically requires shareholder approval and may lead to a buyout or change in ownership structure. Large shareholders like BlackRock could influence the outcome and terms.
• Market Dynamics: The trades were executed on the US exchange, indicating international investor interest and potentially increased liquidity or volatility for ENN Energy Holdings shares.
• Shareholder Action: Shareholders should remain alert for further updates regarding the scheme of arrangement and any additional disclosures from major holders, as these could materially affect share value and voting outcomes.

Conclusion

BlackRock’s substantial purchase of ENN Energy Holdings shares during a pivotal privatisation process is a noteworthy development for investors. The move may signal increased confidence in the company’s long-term prospects and could impact the outcome of the privatisation scheme. Shareholders are advised to closely monitor further disclosures and market activity, as these events may influence both the share price and the future structure of ENN Energy Holdings Ltd.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. The information presented is based on public disclosures and may not reflect the most current data or future developments.

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