Hong Kong, 8 April 2026 — In connection with the proposed privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement, Morgan Stanley & Co., International plc filed a Rule 22 disclosure with the Securities and Futures Commission detailing a series of derivative transactions executed on 3 April 2026.
Morgan Stanley, classified as a Class (5) associate of the offeror, conducted nine unsolicited client-facilitation purchases referencing A shares of ENN Natural Gas. The trades, all for its own account, covered a combined 104,200 reference securities and carried maturities ranging from 10 July 2026 to 11 February 2028.
Key transaction metrics • Aggregate notional consideration: approximately RMB 2.31 million • Average reference price: RMB 22.17 per share • Individual deal sizes: 400 to 44,300 reference securities per contract • Resultant balance: zero, indicating no outstanding position post-trade
The disclosure underscores heightened derivative activity around ENN Natural Gas as the privatisation process advances under the Hong Kong Code on Takeovers and Mergers.
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