Bright Smart Securities (01428): Morgan Stanley Reports Net Sale of 516,000 Shares Under HK Takeovers Code

Bulletin Express03-13

Bright Smart Securities & Commodities Group Limited (01428 HK) has come under disclosure rules related to a possible mandatory general offer after Morgan Stanley & Co. International plc—classified as a Class (5) associate connected with the potential offeror—reported on-market dealings in the company’s ordinary shares.

On 12 March 2026, Morgan Stanley executed two hedging transactions arising from wholly unsolicited, client-driven Delta 1 product orders:

• Purchase: 2,000 shares for HK$13.83 thousand at HK$6.914 per share. • Sale: 518,000 shares for HK$3.61 million within a price range of HK$6.89 to HK$7.27 per share.

The net result was a disposal of 516,000 shares. All trades were conducted for Morgan Stanley’s own account.

These dealings were disclosed to the Securities and Futures Commission’s Executive in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, reflecting ongoing monitoring related to a potential mandatory general offer for Bright Smart Securities.

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