Bright Smart Securities & Commodities Group Limited: Possible Mandatory General Offer and Morgan Stanley Capital Services LLC Disclosure of Dealings (16 February 2026)

Bulletin Express02-16

On 16 February 2026, Bright Smart Securities & Commodities Group Limited announced a possible mandatory general offer and disclosed dealings under the Hong Kong Code on Takeovers and Mergers. Morgan Stanley Capital Services LLC, classified as a Class (5) associate connected with the offeror, reported derivatives transactions carried out on 13 February 2026. According to the announcement, these dealings were recorded as unsolicited client facilitation purchases and sales for both 2,000 and 8,000 reference securities with maturity dates on 29 May 2026 and 30 November 2027, respectively.

The disclosed total amounts for the 2,000-reference-securities transactions were US$17,800.00 for both purchase and sale, each at a reference price of US$8.90. For the 8,000-reference-securities transactions, the total amounts were US$72,580.42 for both purchase and sale, each at a reference price of US$9.07. Resultant balances were reported to be zero. The announcement also confirms that Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley and that all dealings were made for its own account.

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