BlackRock Raises Stake in ENN Energy (02688) to 6.86% Through Net Purchase of 181,800 Shares

Bulletin Express
Mar 09

7 March 2026—A mandatory disclosure filed under Rule 22 of the Hong Kong Code on Takeovers and Mergers shows that BlackRock, Inc., a Class (6) associate of ENN Energy Holdings Ltd., executed multiple trades in the offeree’s shares on 6 March 2026.

BlackRock sold 34,100 shares at $68.30 per share, then purchased a total of 242,300 shares at prices between $68.30 and $68.68. A further sale of 26,400 shares was completed at $69.44. Net of all transactions, BlackRock acquired 181,800 shares, representing an estimated cash outflow of approximately $12.44 million.

Following these dealings, BlackRock’s holding rose to 77.70 million shares, equal to 6.8646 % of ENN Energy’s issued share capital. This compares with a 6.8455 % stake before the trades.

The disclosure is made in connection with the ongoing privatisation of ENN Energy by way of a scheme of arrangement.

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