On 3 December 2025, an announcement related to the privatisation by way of scheme of arrangement for Hang Seng Bank Limited was published. According to Rule 22 of the Hong Kong Code on Takeovers and Mergers, details of derivatives transactions conducted on 2 December 2025 by Morgan Stanley Capital Services LLC, a Class (5) associate connected with Hang Seng Bank Limited, were disclosed.
Morgan Stanley Capital Services LLC reported multiple unsolicited client facilitation dealings in derivatives referencing Hang Seng Bank Limited’s shares. The transactions on 2 December 2025 involved both sales and purchases of 200, 400, 2,900, and 3,000 reference securities, with different maturity dates in 2026 and 2027. Reference prices ranged around HKD152.2577 to HKD152.5000, and reported total amounts for each transaction category were consistent with those reference prices.
Morgan Stanley Capital Services LLC confirmed these dealings were made for its own account. The company is ultimately owned by Morgan Stanley.
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