On 3 February 2026, a public disclosure form was released regarding a privatisation by way of a scheme of arrangement, highlighting dealings in the A shares of ENN Natural Gas Co., Ltd. Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, reported several derivative transactions executed in RMB under Rule 22 of the Hong Kong Code on Takeovers and Mergers.
According to the disclosure, on 2 February 2026, 200 derivative securities were purchased at a reference price of RMB19.63, 1,100 were sold and subsequently purchased at RMB19.1927 each, and 28,000 were purchased at RMB19.2117. The total amounts ranged from RMB3,926.00 to RMB537,927.012, and the maturity dates span from 29 July 2026 to 31 March 2027. Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley and conducted these dealings for its own account.
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