Key Developments in ENN Natural Gas Co., Ltd. Share Dealings

Privatisation Scheme and Market Activity

On 9 March 2026, a public disclosure was made regarding share dealings in ENN Natural Gas Co., Ltd. This follows the ongoing privatisation process by way of a scheme of arrangement, a significant corporate event that may affect investor sentiment and share valuation.

The disclosure was submitted to the Executive under Rule 22 of the Hong Kong Code on Takeovers and Mergers, highlighting transactions that could be relevant for current and potential shareholders.

Details of Share Dealings

The transactions disclosed involve Morgan Stanley Bank, N.A., a Class (5) associate connected with the Offeror, and ultimately owned by Morgan Stanley. These dealings were conducted for its own account, specifically in A shares of ENN Natural Gas Co., Ltd., denominated in RMB.

• Purchase: On 6 March 2026, Morgan Stanley Bank, N.A. purchased 202 ordinary shares as part of hedging Delta 1 products resulting from wholly unsolicited client-driven orders. The total amount paid was \$4,289.36, with a highest price of \$21.37 and a lowest price of \$21.10 per share.
• Sale: On the same date, Morgan Stanley Bank, N.A. sold 2,200 ordinary shares under similar hedging activity. The total amount received was \$47,026.00, with a highest price of \$21.50 and a lowest price of \$21.08 per share.

Important Points for Shareholders

• Privatisation Process: The ongoing privatisation scheme, and associated securities dealings, could signal increased activity and potential volatility in ENN Natural Gas Co., Ltd.’s share price. Shareholders should closely monitor further disclosures and corporate announcements.
• Dealings by Connected Party: Morgan Stanley Bank, N.A., as a connected party to the Offeror, has conducted substantial transactions. While these were hedging activities driven by client orders, the volume and nature of the trades may be considered in the context of the privatisation scheme and could be price sensitive.
• Price Range: The transactions occurred at prices between \$21.08 and \$21.50 per share, which may provide a near-term price reference for investors and indicate recent trading levels.
• Potential Market Impact: Although the disclosed dealings were for hedging purposes and not proprietary trading, the involvement of a major financial institution during a privatisation event adds significance. Investors should watch for further market activity, as similar disclosures could affect share values and trading volumes.

Investor Considerations

The reported transactions are not routine trades; they are closely linked to the privatisation process and involve a major institutional player. The information is therefore potentially price sensitive, especially as the privatisation scheme progresses. Shareholders should remain vigilant regarding additional disclosures, as these could impact the direction of ENN Natural Gas Co., Ltd.’s share price.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult professional advisors before making any investment decisions. The information provided is based on public disclosures and may be subject to change.

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