Disclosure of Securities Dealings in ENN Natural Gas Co., Ltd.: Key Insights for Investors

Overview

On 25 February 2026, a public disclosure was made regarding dealings in the shares of ENN Natural Gas Co., Ltd. This disclosure is part of the privatisation process by way of a scheme of arrangement and has been filed under Rule 22 of the Hong Kong Code on Takeovers and Mergers.

Key Points from the Report

• Transaction Date: 24 February 2025
• Party Involved: China International Capital Corporation Limited (CICC), acting as an exempt principal trader connected with the Offeror.
• Nature of Dealings: Creation of new index-tracking Exchange Traded Funds (ETFs) where ENN Natural Gas Co., Ltd.’s A shares constitute less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index.
• Type of Securities: Ordinary A shares of ENN Natural Gas Co., Ltd.
• Transaction Details:
  • Total Number of Shares Involved: 4,400
  • Total Amount Paid: RMB 85,858.00
  • Highest Price Paid per Share: RMB 19.6900
  • Lowest Price Paid per Share: RMB 19.2830
• Purpose: The shares were purchased for the creation of new index-tracking ETFs and were transacted for CICC’s own account.

Important Considerations for Shareholders

• Privatisation Process: This disclosure is connected to the ongoing privatisation of ENN Natural Gas Co., Ltd. via a scheme of arrangement, which may impact shareholder value and future corporate structure.
• Index-Tracking ETF Activity: The creation of index-tracking ETFs indicates institutional interest in the company’s shares, albeit representing a small proportion of the total shares (less than 1% of the class).
• Price Sensitivity: The prices at which the shares were traded (RMB 19.2830 to RMB 19.6900) could provide insight into recent market valuations and may serve as a reference point for investors considering the implications of the privatisation on share price.
• Exempt Principal Trader: As an exempt principal trader, CICC is permitted to trade in the shares connected with the Offeror, which may affect the overall supply and demand dynamics in the market.
• Dealings Notified Under Code: The disclosure is in compliance with the Hong Kong Takeovers Code, ensuring transparency for shareholders during this critical period.

Potential Impact on Share Price

While the number of shares involved in this transaction is relatively small compared to the total shares in issue, the activity is notable due to the context of the ongoing privatisation and the involvement of a major financial institution. Investors should remain attentive to further disclosures, as any significant accumulation of shares by connected parties or changes in ownership structure could influence the share price, especially in the context of a potential change-of-control transaction.

Conclusion

Investors are advised to monitor further developments related to the privatisation of ENN Natural Gas Co., Ltd. and to consider the disclosed dealings as a potential indicator of institutional positioning ahead of possible significant corporate actions.

Disclaimer: This article is 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 with a qualified financial advisor before making investment decisions.

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