Bright Smart: Morgan Stanley Reports HK$5.13 Million Share Purchase and HK$0.05 Million Sale amid Possible Mandatory Offer

Bulletin Express04-22

On 22 April 2026, the Executive received a Rule 22 disclosure linked to a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited. The filing details transactions executed on 21 April 2026 by Morgan Stanley & Co., International plc, identified as a Class (5) associate connected with the potential offeror.

• Purchases: Morgan Stanley acquired 408,000 Bright Smart ordinary shares for a total of HK$5.13 million. The trades, carried out as hedging of Delta 1 products stemming from wholly unsolicited client-driven orders, were executed within a price range of HK$11.83 to HK$13.02 per share, implying an average purchase price of approximately HK$12.57.

• Sales: On the same day, the firm sold 4,219 Bright Smart shares, generating HK$0.05 million at prices ranging from HK$12.00 to HK$12.57, equivalent to an average sale price of about HK$12.27.

• Net position: The disclosed activity resulted in a net purchase of 403,781 shares and a net cash outflow of roughly HK$5.08 million.

All transactions were conducted for Morgan Stanley’s own account. The disclosure forms part of the ongoing monitoring process related to the potential mandatory general offer for Bright Smart.

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