On 2 February 2026, a disclosure of dealings in the shares of Bright Smart Securities & Commodities Group Limited was released under the Hong Kong Code on Takeovers and Mergers, referring to a possible mandatory general offer.
Morgan Stanley & Co. International plc, classified as a Class (5) associate connected with the Offeror, reported dealings on 30 January 2026 for its own account. It purchased 4,000 ordinary shares at a total amount of $35,400, with the highest price at $8.88 and the lowest at $8.82. The company also sold 50,000 ordinary shares for a total amount of $442,820, with the highest price at $9.09 and the lowest at $8.82. These transactions were noted as hedging of Delta 1 products created from wholly unsolicited client-driven orders.
Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley.
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