ENN Natural Gas Co., Ltd.: Disclosure of Dealings in Shares Amidst Privatisation Scheme

Key Highlights from the Public Disclosure

• Date of Disclosure: 10 March 2026
• Subject: Privatisation of ENN Natural Gas Co., Ltd. by scheme of arrangement
• Disclosure Trigger: Rule 22 of the Hong Kong Code on Takeovers and Mergers
• Principal Trader Involved: China International Capital Corporation Limited (CICC)
• Date of Dealings: 9 March 2026

Details of Securities Dealings

• Type of Security: Ordinary A shares of ENN Natural Gas Co., Ltd.
• Nature of Dealings: Creation of new index-tracking ETFs
  • The relevant securities represent less than 1% of the class in issue.
  • The shares amount to less than 20% of the value of the securities in the basket or index.
• Transaction Type: Purchase
• Total Number of Shares Involved: 24,200
• Total Amount Paid: \$526,289.00 (in RMB)
• Price Range:
  • Highest Price Paid: \$21.85 per share
  • Lowest Price Paid: \$21.65 per share
• Purpose: Dealings were made for CICC’s own account.
• Connection: CICC is an exempt principal trader connected with the Offeror.

Potential Impact and Important Information for Shareholders

• The transaction forms part of the ongoing privatisation process of ENN Natural Gas Co., Ltd. via a scheme of arrangement. This process is typically price-sensitive as it may result in a change in control or ownership structure, which could significantly affect the company’s share price.
• The involvement of CICC, an exempt principal trader and a party connected with the Offeror, signals ongoing institutional activity and interest in the company’s shares.
• The creation of new index-tracking ETFs, albeit involving relatively small quantities (<1% of class in issue), demonstrates continued liquidity and trading interest in ENN Natural Gas shares during the privatisation process.
• Shareholders should closely monitor further disclosures and developments, as any substantial increase in dealings, or future announcements related to the privatisation, could further impact share values.
• The disclosed prices (\$21.65–\$21.85 per share) may serve as relevant reference points for investors evaluating current trading levels and potential offer pricing within the privatisation process.

Conclusion

Investors should remain vigilant regarding the ongoing privatisation process of ENN Natural Gas Co., Ltd. The latest transaction by CICC, though representing a small fraction of the total shares, is part of the broader activity surrounding the company. Any further developments or significant share accumulations could potentially move the market price, especially given the price-sensitive nature of privatisation schemes.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult a professional adviser before making investment decisions.

View ENN ENERGY Historical chart here