Hong Kong, 29 April 2026—The Executive received a Rule 22 disclosure confirming that Morgan Stanley Capital Services LLC, a Class (5) associate connected with the offeror in the planned privatisation of ENN Natural Gas Co., Ltd., engaged in matched derivative transactions on 28 April 2026.
Morgan Stanley facilitated an unsolicited client position involving 15,800 A-share–linked derivatives with a reference price of RMB21.2002 per share and a maturity date of 31 August 2027. The trades comprised:
• Purchase of 15,800 derivative-linked shares for approximately RMB0.33 million. • Concurrent sale of an identical 15,800 derivative-linked shares at the same aggregate value.
The back-to-back nature of the trades leaves Morgan Stanley with a resultant net position of zero in ENN Natural Gas derivatives. All dealings were executed for the firm’s own account.
Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley. The disclosed transactions form part of the ongoing reporting requirements surrounding the proposed scheme of arrangement to privatise ENN Natural Gas.
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