ENN Energy (02688) Privatisation Update: Morgan Stanley Bank N.A. Sells Derivatives Tied to 100 A Shares

Bulletin Express03-19 16:43

On 19 March 2026, the Executive under the Hong Kong Code on Takeovers and Mergers disclosed a transaction related to the proposed privatisation of ENN Natural Gas Co., Ltd. (stock code: 02688) by way of a scheme of arrangement.

Morgan Stanley Bank, N.A.—classified as a Class (5) associate connected with the offeror—reported that on 18 March 2026 it disposed of derivatives referencing 100 A shares of ENN Natural Gas. The trade, executed for the bank’s own account under the heading “unsolicited client facilitation – sale,” was carried out at a reference price of RMB 22.07 per share, generating proceeds of RMB 2,207.00. The derivatives carry a maturity/closing-out date of 31 August 2027. Following the sale, Morgan Stanley Bank, N.A.’s resultant balance in the relevant securities is zero.

The filing notes that Morgan Stanley Bank, N.A. is ultimately owned by Morgan Stanley and that all dealings were conducted in RMB.

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