On 4 February 2026, a disclosure was made regarding a possible mandatory general offer involving Bright Smart Securities & Commodities Group Limited. The Executive received information on 3 February 2026 from Morgan Stanley & Co., International plc concerning multiple derivative transactions linked to the shares of Bright Smart Securities & Commodities Group Limited.
According to the disclosure, Morgan Stanley & Co., International plc executed several unsolicited client facilitation transactions in derivatives referencing 2,000, 2,000, 4,000, 28,000, 174,000, and 266,000 shares, with maturity dates from 5 November 2027 to 12 January 2028. The reference prices ranged between $8.5200 and $8.7802, while total amounts paid or received spanned from $17,040.0000 to $2,290,353.7065. Each transaction resulted in a zero resultant balance. Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeror, and the dealings were made for its own account. It is ultimately owned by Morgan Stanley.
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