On 4 December 2025, an announcement was released regarding the privatisation of ENN Energy Holdings Limited by way of a scheme of arrangement, alongside disclosures of derivatives dealings connected to the offer. According to the document, Morgan Stanley Capital Services LLC reported multiple transactions undertaken on 3 December 2025. These transactions involved unsolicited client facilitation sales and purchases of derivative products, each with a zero resultant balance after completion.
The disclosed transaction sizes ranged from 124 to 21,100 reference securities, with various maturity dates from 29 May 2026 to 30 September 2027. Reported reference prices predominantly hovered around the USD72 mark, and total amounts for individual deals spanned from approximately USD9,000 to over USD1.5 million. Morgan Stanley Capital Services LLC disclosed that these dealings were carried out for its own account and that it is a Class (5) associate connected with the Offeror. The entity is ultimately owned by Morgan Stanley.
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