On 16 February 2026, a public disclosure form announced that Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, reported derivatives dealings in the shares of Bright Smart Securities & Commodities Group Limited under Rule 22 of the Hong Kong Code on Takeovers and Mergers. According to the document, Morgan Stanley & Co., International plc executed purchases on 13 February 2026 totaling 4,000 reference securities at prices around $8.90 for an aggregate of $0.04 million, with maturity dates spanning from May 2026 to January 2028. The disclosure also noted sales of 94,000 reference securities at approximately $9.07, amounting to $0.85 million, with maturity dates running from October 2026 to November 2027.
Morgan Stanley & Co., International plc undertook these transactions for its own account. The disclosure confirmed that the entity is ultimately owned by Morgan Stanley, maintaining its position as a Class (5) associate under the relevant regulations.
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