On 3 February 2026, an announcement was released regarding a privatisation by way of a scheme of arrangement involving ENN Natural Gas Co., Ltd. The disclosure highlighted dealings in its A shares under Rule 22 of the Hong Kong Code on Takeovers and Mergers, specifically carried out by Morgan Stanley & Co. International plc.
According to the filing, Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, sold a total of 1,100 shares on 2 February 2026 at a combined amount of 21,112.0000 in RMB. The highest and lowest prices in these sales were 19.2900 and 19.1400, respectively. Another block of 28,200 shares was also sold for 541,853.0000 in RMB, with a highest price of 19.6300 and a lowest price of 19.1300.
It was emphasized that these transactions occurred to hedge Delta 1 products arising from wholly unsolicited client-driven orders, and that the dealings were made for Morgan Stanley & Co. International plc’s own account. The entity is ultimately owned by Morgan Stanley and conducted all transactions in RMB.
Comments