ENN Energy: Morgan Stanley Reports HK$1.27 Million in Derivative Purchases Linked to Privatization Scheme

Bulletin Express05-21 17:23

On 21 May 2026, the Executive received a Rule 22 disclosure under the Hong Kong Code on Takeovers and Mergers detailing derivative dealings in ENN Energy Holdings Limited connected to its proposed privatisation by way of scheme of arrangement.

Morgan Stanley & Co., International plc—a Class (5) associate of the offeror—executed eight unsolicited client-facilitation transactions on 20 May 2026:

• Purchases: six derivative contracts referencing a combined 21,700 ENN Energy shares, with consideration totalling approximately HK$1.27 million at prices ranging from HK$58.34 to HK$58.46 per share. • Sales: two derivative contracts referencing 700 shares, realising about HK$0.04 million at HK$58.64–HK$58.70 per share.

Aggregate activity therefore represented a net purchase of 21,000 shares for a net outlay of roughly HK$1.23 million. Following the transactions, Morgan Stanley & Co., International plc reported a resultant balance of zero relevant securities, indicating no ongoing economic exposure to ENN Energy via these derivatives.

All dealings were conducted for Morgan Stanley’s own account. The disclosure forms part of the documentation process surrounding ENN Energy’s planned privatisation.

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