Major Share Purchases by BlackRock, Inc. in ENN ENERGY HOLDINGS LTD Ahead of Privatisation Key Points from the Public Disclosure Privatisation Process: ENN ENERGY HOLDINGS LTD is undergoing a privatisation by way of a scheme of arrangement, a process that generally leads to significant changes in ownership structure and can create substantial value shifts for shareholders. Significant Share Purchases: On 24 February 2026, BlackRock, Inc., a major institutional investor and a Class (6) associate of ENN ENERGY HOLDINGS LTD, made a series of purchases amounting to a total of 1,132,200 shares in the company. Purchase Prices: The shares were acquired at prices ranging from \$68.5107 to \$68.7436 per share, indicating a consistent valuation level and potentially strong investor confidence in the company during the privatisation phase. Resultant Shareholding: Following these transactions, BlackRock, Inc.’s total shareholding rose to 62,568,814 shares, representing 5.5281% of the issued share capital of ENN ENERGY HOLDINGS LTD. Nature of Dealings: All share purchases were made for discretionary investment clients, suggesting continued institutional interest and potentially positive sentiment towards the company’s future post-privatisation. Important Information for Shareholders Institutional Confidence: BlackRock, Inc.’s aggressive accumulation of shares on the eve of privatisation signals institutional confidence in the future value of ENN ENERGY HOLDINGS LTD. Such activity is often viewed as a bullish indicator and may attract further interest from other investors. Potential Price Sensitivity: The volume and frequency of BlackRock’s purchases—especially the single block purchase of 724,800 shares—could impact the share price due to increased demand and perceived value. Investors should monitor trading activity and announcements closely. Disclosure Implications: As a Class (6) associate, BlackRock’s transactions are subject to public disclosure under the Hong Kong Code on Takeovers and Mergers, reflecting regulatory oversight and transparency during the privatisation process. Privatisation Impact: The scheme of arrangement for privatisation can lead to changes in shareholder rights, potential cash offers, or other restructuring moves. Investors are urged to stay informed about the terms of the privatisation and any related announcements. Detailed Transaction Breakdown Date Transaction Type Number of Shares Price per Share (USD) Cumulative Holdings % of Issued Shares 24 Feb 2026 Purchase 23,000 \$68.6000 61,459,614 5.4301% 24 Feb 2026 Purchase 4,200 \$68.5107 61,463,814 5.4304% 24 Feb 2026 Purchase 13,500 \$68.6774 61,477,314 5.4316% 24 Feb 2026 Purchase 251,000 \$68.6733 61,728,314 5.4538% 24 Feb 2026 Purchase 7,200 \$68.6729 61,735,514 5.4544% 24 Feb 2026 Purchase 12,000 \$68.6683 61,747,514 5.4555% 24 Feb 2026 Purchase 15,200 \$68.5852 61,762,714 5.4568% 24 Feb 2026 Purchase 3,000 \$68.6950 61,765,714 5.4571% 24 Feb 2026 Purchase 9,600 \$68.6719 61,775,314 5.4580% 24 Feb 2026 Purchase 1,000 \$68.7436 61,776,314 5.4580% 24 Feb 2026 Purchase 1,000 \$68.6550 61,777,314 5.4581% 24 Feb 2026 Purchase 724,800 \$68.6739 62,502,114 5.5222% 24 Feb 2026 Purchase 66,700 \$68.6825 62,568,814 5.5281% Investor Takeaways BlackRock, Inc.’s substantial share purchases may signal underlying confidence in the privatisation outcome and could be a catalyst for share price movement. The consistent pricing and large block transactions indicate strategic accumulation, possibly anticipating favourable terms or future growth post-privatisation. Shareholders should closely monitor official announcements related to the privatisation scheme, as these developments may affect both their rights and the company’s valuation. Disclaimer This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with their financial advisors before making any investment decisions. The author and publisher are not responsible for any financial losses resulting from investment actions based on this article.
