ENN Natural Gas: Privatisation by Way of Scheme of Arrangement – Disclosure of Dealings (4 February 2026)

Bulletin Express02-04 16:45

On 4 February 2026, a public disclosure form was released in connection with the proposed privatisation by way of scheme of arrangement for ENN Natural Gas Co., Ltd. The announcement provided details of securities dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers.

Morgan Stanley Capital Services LLC, identified as a Class (5) associate connected with the offeror and ultimately owned by Morgan Stanley, disclosed four derivatives transactions on 3 February 2026. These transactions involved A shares of ENN Natural Gas Co., Ltd. and were denominated in RMB. According to the announcement, the dealings were executed on Morgan Stanley Capital Services LLC’s own account as unsolicited client facilitation. Two sales and two purchases were recorded, each set with respective maturity dates of 31 August 2027 or 31 March 2027, and reference prices ranging from RMB19.1775 to RMB19.2200.

Following the transactions, the resultant balance stated in the disclosure was zero for each derivative. The announcement also noted that Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley and acted on its own account in these transactions.

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