Bright Smart Securities & Commodities Group Limited: Possible Mandatory General Offer Disclosure by Morgan Stanley & Co. International plc

Bulletin Express02-24 17:02

On 24 February 2026, a public disclosure form was filed pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating dealings in the shares of Bright Smart Securities & Commodities Group Limited. The transactions involved Morgan Stanley & Co. International plc (ultimately owned by Morgan Stanley), a Class (5) associate connected with the Offeror, and took place on 23 February 2026.

Morgan Stanley & Co. International plc facilitated unsolicited client transactions in derivatives linked to Bright Smart Securities & Commodities Group Limited. Purchases included 16,000 reference securities at a reference price of HK$9.1062 with a total amount paid of HK$0.15 million (maturity date: 12 October 2026), 68,800 reference securities at HK$9.1012 and HK$0.63 million (maturity date: 7 February 2028), and 103,200 reference securities at HK$9.1012 and HK$0.94 million (maturity date: 7 February 2028). Sales were carried out for 2,000 reference securities at HK$9.1154 with HK$0.02 million received (maturity date: 29 October 2027) and 10,000 reference securities at HK$9.1154 with HK$0.09 million received (maturity date: 30 September 2026). The resultant balance following these dealings was nil.

According to the disclosure, Morgan Stanley & Co. International plc conducted the transactions on its own account. No additional information was provided regarding future intentions or implications of these dealings.

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