On 21 January 2026, a possible mandatory general offer in the shares of Bright Smart Securities & Commodities (1428) was disclosed. Morgan Stanley & Co. International plc, identified as a Class (5) associate connected with the offeror, reported its dealings on 20 January 2026, involving 90,000 ordinary shares.
According to the filing, the shares were sold at a total amount of US$791,756.80, with a highest executed price of US$8.95 and a lowest executed price of US$8.69. The disclosure document specifies that this transaction was carried out for hedging Delta 1 products, arising from wholly unsolicited client-driven orders, and that Morgan Stanley & Co. International plc acted on its own account. The entity is ultimately owned by Morgan Stanley.
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