Bright Smart (01428) – Morgan Stanley International Discloses Derivative Transactions Amid Possible Mandatory General Offer

Bulletin Express03-16 17:22

Hong Kong, 16 March 2026—Pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley & Co., International plc (MSI), a Class (5) associate connected with the potential offeror, reported a series of unsolicited client-facilitation trades in derivatives linked to Bright Smart Securities & Commodities Group Limited (Bright Smart, 01428) on 13 March 2026.

Key disclosed details:

• Instrument: “Other” derivative products referencing Bright Smart shares. All dealings were executed for MSI’s own account.

• Purchases: Five transactions totaling 380,900 reference securities at prices ranging from HK$7.74 to HK$9.52 per unit. Aggregate consideration paid amounted to HK$3.59 million.

• Sale: One transaction involving 244,000 reference securities at HK$8.51 per unit, generating proceeds of HK$2.08 million.

• Net effect: MSI’s purchases exceeded sales by 136,900 reference securities, with a net cash outflow of HK$1.51 million.

• Maturities: The derivatives mature between 30 September 2027 and 20 June 2030; resultant position balances were reported as zero.

The disclosure forms part of ongoing monitoring requirements related to a possible mandatory general offer for Bright Smart. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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