On 4 February 2026, a public disclosure form announced details under the Hong Kong Code on Takeovers and Mergers regarding the proposed privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement. Morgan Stanley Bank, N.A., classified as a connected associate, submitted information on its dealings in the company’s A shares.
On 3 February 2026, Morgan Stanley Bank, N.A. purchased 200 A shares of ENN Natural Gas Co., Ltd. at a total amount of RMB 3,844.00. The highest price paid was RMB 19.23, and the lowest price paid was RMB 19.21. The transaction was carried out to hedge Delta 1 products created as a result of wholly unsolicited client-driven orders, and it was executed for the firm’s own account.
Morgan Stanley Bank, N.A. is ultimately owned by Morgan Stanley. The disclosed dealings highlight the bank’s position as a Class (5) associate connected with the offeror under the ongoing privatisation process.
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