On 23 February 2026, Bright Smart Securities & Commodities Group Limited published a public disclosure regarding a possible mandatory general offer. According to the announcement, Morgan Stanley Capital Services LLC, classified as a Class (5) associate connected with the Offeror and ultimately owned by Morgan Stanley, disclosed dealings in the company's shares on 20 February 2026.
Morgan Stanley Capital Services LLC carried out several unsolicited client facilitation transactions involving purchases and sales of a total of 68,000 reference securities across various maturity dates. Each purchase and sale block—6,000, 24,000, and 38,000 reference securities—had reference prices ranging around US$9.04 and US$9.02, with total amounts paid or received reaching approximately US$614,347.42 for both purchases and sales, resulting in a final balance of 0. The disclosure further notes that these dealings were conducted for Morgan Stanley Capital Services LLC’s own account.
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