Bright Smart Securities: Morgan Stanley Capital Services Records HK$1.61 Million Round-Trip Derivative Trades Amid Possible Mandatory Offer

Bulletin Express04-24 16:44

Bright Smart Securities & Commodities Group Limited announced that Morgan Stanley Capital Services LLC, classified as a Class (5) associate connected with the potential offeror, reported derivative dealings in the company’s shares on 23 April 2026 under Rule 22 of the Hong Kong Code on Takeovers and Mergers. The disclosure is part of ongoing requirements linked to a possible mandatory general offer.

Morgan Stanley executed four unsolicited client-facilitation purchase transactions involving derivative products that referenced a total of 125,781 Bright Smart shares. The trades were priced between $12.82 and $13.10 per reference share and carried aggregate consideration of approximately 1.61 million. Maturity dates fall on 29 May 2026 for contracts linked to 124,000 shares and on 28 June 2030 for contracts linked to the remaining 3,781 shares.

On the same day, the firm completed four offsetting sale transactions in identical volumes, prices and contract maturities, also totalling about 1.61 million. As a result, Morgan Stanley Capital Services LLC’s resultant balance in derivatives referencing Bright Smart shares returned to zero.

The dealings were conducted solely for the account of Morgan Stanley Capital Services LLC and do not alter its status as an associate connected with the offeror. No further shareholding or derivative position in Bright Smart was reported following these round-trip transactions.

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