On 12 February 2026, an announcement was released regarding a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited. According to the Hong Kong Code on Takeovers and Mergers, the Executive received a disclosure of dealings in the company’s shares by Morgan Stanley & Co., International plc.
Morgan Stanley & Co., International plc reported that on 11 February 2026, it purchased 94,000 ordinary shares of Bright Smart Securities & Commodities Group Limited at a total consideration of $883,599.20. The highest price paid was $9.53 per share, and the lowest price paid was $9.078 per share. On the same day, it sold 6,000 ordinary shares for a total of $54,572.00, at prices ranging from $9.078 to $9.12 per share. These transactions were described as hedging of Delta 1 products arising from wholly unsolicited client-driven orders.
Morgan Stanley & Co., International plc is stated to be a Class (5) associate connected with the offeror, and the dealings were made for its own account. The company is ultimately owned by Morgan Stanley.
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