Bright Smart: Morgan Stanley Discloses USD0.41 Million in Derivative Deals Amid Possible Mandatory General Offer

Bulletin Express03-24

Bright Smart Securities & Commodities Group Limited has become the subject of a Rule 22 disclosure after Morgan Stanley & Co. International plc—classified as a Class (5) associate connected with the potential offeror—reported two derivative transactions on 23 March 2026.

The investment bank executed unsolicited client-facilitation trades linked to Bright Smart shares, purchasing derivatives over 34,000 reference securities at a reference price of USD11.5241, for a consideration of USD0.39 million. On the same day, it sold derivatives over 2,000 reference securities at USD11.1600, generating USD0.02 million in proceeds. Both transactions were conducted for Morgan Stanley’s own account and left no resultant position in the underlying securities.

The combined notional value of the trades reached approximately USD0.41 million. The disclosure forms part of ongoing monitoring linked to a possible mandatory general offer for Bright Smart.

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