BlackRock Raises ENN Energy Stake to 6.38% During Privatisation Process

Bulletin Express
Jun 08

On 5 June 2026, BlackRock, Inc.—classified as a Class (6) associate of ENN Energy Holdings Ltd under the Hong Kong Code on Takeovers and Mergers—reported a series of on-market transactions while the gas distributor pursues privatisation by way of scheme of arrangement.\n\nTransaction summary\n• Purchases: 1.04 million shares at prices ranging from HK$51.75 to HK$51.78.\n• Sales: 39,425 shares at prices between HK$51.50 and HK$51.74.\n• Net position change: +0.78 million shares.\n\nPost-deal holdings\nBlackRock’s holding increased from 71.49 million to 72.27 million shares, lifting its interest from 6.32 % to 6.38 % of ENN Energy’s issued share capital.\n\nDeal value approximation\nBased on disclosed prices, gross purchases totalled roughly HK$53.58 million, while gross sales amounted to about HK$2.04 million, implying a net cash outflow of approximately HK$51.54 million.\n\nRegulatory context\nAll dealings were executed for discretionary investment clients and disclosed in compliance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, which mandates timely reporting of transactions by associates during an offer period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10