ENN Natural Gas: Morgan Stanley Capital Services Files Zero-Balance Derivative Dealings During Privatisation Process

Bulletin Express05-19 17:26

Hong Kong, 19 May 2026—A public disclosure submitted under Rule 22 of the Hong Kong Code on Takeovers and Mergers shows that Morgan Stanley Capital Services LLC, a Class (5) associate connected with the offeror in the proposed privatisation of ENN Natural Gas Co., Ltd., executed offsetting derivative transactions in the target company’s A-shares on 18 May 2026.

The derivatives, classified as “other types of products,” were carried out for unsolicited client facilitation and referenced 17,500 ENN Natural Gas A-shares in each leg. Both the purchase and the sale have a maturity date of 31 August 2027 and were booked at a reference price of USD 20.7787 per share, generating gross cash flows of USD 363,627.01 on each side. As the buy and sell positions are equal, the resultant balance—taking into account any parties acting in concert—stands at zero.

Morgan Stanley Capital Services LLC confirmed that the trades were executed on its own account. The firm is indirectly wholly owned by Morgan Stanley. The disclosure forms part of the ongoing documentation surrounding the privatisation by scheme of arrangement for ENN Natural Gas.

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