On 12 February 2026, a public disclosure form was filed regarding a possible mandatory general offer under the Hong Kong Code on Takeovers and Mergers. The filing relates to dealings in the shares of Bright Smart Securities & Commodities Group Limited, with disclosure made pursuant to Rule 22 of the Code.
According to the announcement, Morgan Stanley Capital Services LLC, acting as a Class (5) associate connected with the Offeror, reported several derivative transactions on 11 February 2026. The transactions included purchases of 30,000 and 48,000 reference securities at respective prices of US$9.4427 and US$9.4689, and sales of identical quantities at the same reference prices. All derivatives have a maturity date of 30 November 2027. The total amounts paid and received for the purchase and sale of 30,000 reference securities stood at US$283,280.7300, while the corresponding figure for 48,000 reference securities was US$454,504.9699. Morgan Stanley Capital Services LLC stated that these dealings were made for its own account.
Comments