Bright Smart: Morgan Stanley Logs USD4.22 Million Derivative Dealings Ahead of Potential Mandatory Offer

Bulletin Express03-27

Morgan Stanley & Co., International plc, a Class (5) associate connected with the potential offeror for Bright Smart Securities & Commodities Group Limited (Bright Smart), has filed a Rule 22 disclosure with Hong Kong’s Takeovers and Mergers Executive covering derivatives trades executed on 26 March 2026.

The investment bank entered four unsolicited client-facilitation transactions referencing Bright Smart shares:

• Purchases: 160,000 derivatives at average reference prices of USD13.2125 and USD13.2400, with maturity dates on 2 September 2027 and 29 May 2026, respectively. Aggregate consideration paid reached USD2.12 million.

• Sales: 158,000 derivatives at an identical reference price of USD13.2865, maturing on 8 November 2027 and 19 April 2027. Total proceeds received were USD2.10 million.

Combined, the day’s dealings involved 318,000 reference securities and a gross transaction value of USD4.22 million. The resultant balance in Bright Smart-linked derivatives held by Morgan Stanley & Co., International plc stands at zero, and all trades were booked for the firm’s own account.

The disclosure forms part of ongoing reporting requirements related to a possible mandatory general offer for Bright Smart under the Hong Kong Code on Takeovers and Mergers.

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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