Morgan Stanley Reports Purchase of 50,000 Bright Smart Derivatives Amid Possible Mandatory General Offer

Bulletin Express04-17

On 16 April 2026, Morgan Stanley & Co., International plc—classified as a Class (5) associate connected with the potential offeror—disclosed a single transaction involving derivatives linked to Bright Smart Securities & Commodities Group Limited as required under Rule 22 of Hong Kong’s Code on Takeovers and Mergers.

The investment bank executed an unsolicited client-facilitation purchase covering 50,000 reference securities tied to Bright Smart, with a reference price of HK$11.9996 per unit. The trade, which is scheduled to mature or be closed out on 29 May 2026, amounted to HK$0.60 million in total consideration. Following the transaction, Morgan Stanley’s resultant balance in related derivatives stood at zero, indicating no residual position.

The disclosure forms part of ongoing monitoring associated with a possible mandatory general offer for Bright Smart. Morgan Stanley executed the transaction on its own account and remains ultimately owned by Morgan Stanley.

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