On 2 February 2026, a possible mandatory general offer relating to Bright Smart Securities & Commodities Group Limited was announced, accompanied by a disclosure of dealings under the Hong Kong Code on Takeovers and Mergers. Morgan Stanley Capital Services LLC, which is ultimately owned by Morgan Stanley and is a Class (5) associate connected with the offeror, reported derivatives transactions made on 30 January 2026.
According to the disclosure, Morgan Stanley Capital Services LLC conducted two sales and two purchases of “other types of products” involving 4,000 shares each with maturity on 30 October 2026, and another set of 44,000 shares each with maturity on 30 November 2027. The reported prices for these derivatives ranged around HKD 8.85 to HKD 8.8291, for an aggregate amount of HKD 35,400 on each of the 4,000-share transactions and HKD 388,479.48 on each of the 44,000-share transactions. In each case, the resultant balance was reported as zero, reflecting no holding after completion of these dealings.
All transactions were described as unsolicited client facilitation, undertaken for Morgan Stanley Capital Services LLC’s own account. No further changes in shareholding or related holdings were disclosed.
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