Morgan Stanley Reports RMB 2.31 Million Derivative Purchases Linked to ENN Natural Gas Amid Privatisation Proposal

Bulletin Express04-08 17:24

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment