On 20 February 2026, a public disclosure form announced dealings in shares of Bright Smart Securities & Commodities Group Limited. The disclosure was made in connection with a possible mandatory general offer, pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers.
Morgan Stanley Capital Services LLC, a Class (5) associate connected with the offeror, reported derivative transactions on 16 February 2026. These transactions involved unspecified types of derivative products, including a purchase and sale of 2,000 reference securities each at a reference price of US$9.20, resulting in a total settlement of US$18,400 for both the purchase and the sale. The maturity date for each transaction is 29 May 2026, and both transactions resulted in a zero balance thereafter.
Morgan Stanley Capital Services LLC stated that these dealings were carried out for its own account. The entity is ultimately owned by Morgan Stanley.
Comments