On 21 January 2026, a disclosure was filed regarding possible mandatory general offer dealings in the shares of Bright Smart Securities & Commodities Group Limited. According to Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley Capital Services LLC reported several derivative transactions executed on 20 January 2026, all involving other types of products with a maturity or closing out date of 30 November 2027. Each transaction involved matching purchases and sales in blocks of 4,000 shares, 6,000 shares, and 16,000 shares. Reference prices ranged from US$8.8198 to US$8.9333, and total amounts paid or received per matched transaction ranged from US$35,279.27 to US$142,717.08. The resultant balance for each set of transactions was reported as zero.
Morgan Stanley Capital Services LLC is identified as a Class (5) associate connected with the Offeror and undertook the above dealings for its own account. The entity is ultimately owned by Morgan Stanley.
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