On 23 February 2026, an announcement was published relating to a possible mandatory general offer and disclosure of dealings in the shares of Bright Smart Securities & Commodities Group Limited. According to the information received under Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley & Co., International plc conducted a sale of 0.15 million shares on 20 February 2026 through hedging of Delta 1 products arising from unsolicited client-driven orders.
The total amount received stood at US$1.37 million, with a highest price of US$9.06 and a lowest price of US$8.96 during the transaction. Morgan Stanley & Co., International plc, ultimately owned by Morgan Stanley, is a Class (5) associate connected with the Offeror, and these dealings were carried out for its own account.
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