Bright Smart Securities & Commodities Group Limited: Possible Mandatory General Offer and Disclosure of Dealings by Morgan Stanley & Co. International plc

Bulletin Express01-23

On 23 January 2026, a disclosure of dealings in the shares of Bright Smart Securities & Commodities Group Limited was received by the Executive pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers. The filing relates to a possible mandatory general offer concerning Bright Smart Securities & Commodities Group Limited and details transactions carried out by Morgan Stanley & Co. International plc on 22 January 2026.

Morgan Stanley & Co. International plc sold 4,000 derivatives at a reference price of US$9.0450 and 8,000 derivatives at US$9.0676. The total amounts received for these transactions were approximately US$36,180 and US$72,540.46, respectively. The firm also purchased 30,000 derivatives at US$9.1027 and 114,000 derivatives at US$9.0737, with total amounts paid of about US$273,080.01 and US$1,034,399.2099, respectively. The reported maturity dates vary among 29 May 2026, 30 October 2026, and 30 November 2027.

According to the announcement, Morgan Stanley & Co. International plc is classified as a Class (5) associate connected with the Offeror and is ultimately owned by Morgan Stanley. The dealings outlined in the disclosure were conducted on the firm’s own account.

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