ENN Energy Privatisation: Morgan Stanley Bank N.A. Disposes of 25,400 A-Shares via RMB-Denominated Derivative Sale

Bulletin Express05-20 17:03

On 20 May 2026, the Executive of the Hong Kong Code on Takeovers and Mergers disclosed a transaction related to the proposed privatisation of ENN Energy (ENN Natural Gas Co., Ltd.) by way of a scheme of arrangement.

Morgan Stanley Bank, N.A.—classified as a Class (5) associate connected with the offeror—reported that on 19 May 2026 it entered into an unsolicited client-facilitation sale of derivatives linked to 25,400 A-shares of ENN Natural Gas. The transaction, executed in Renminbi, was priced at RMB 20.76 per share, resulting in total proceeds of approximately RMB 0.53 million. The derivatives have a maturity date of 31 August 2027, and the sale leaves Morgan Stanley Bank, N.A. with no remaining position in these A-shares.

The bank confirmed the dealings were conducted for its own account and noted that it is ultimately owned by Morgan Stanley.

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