On 19 January 2026, an announcement regarding the privatisation of ENN Natural Gas Co., Ltd. (ENN) by way of a scheme of arrangement disclosed that Morgan Stanley Bank, N.A. reported multiple derivative transactions conducted on 16 January 2026. These transactions involved unsolicited client facilitation activities in A shares of ENN, encompassing both sales and purchases across various maturities ranging from April 2026 to September 2030.
According to the announcement, the sales included 22,600 and 3,085 shares at respective reference prices close to RMB19.47, whereas the purchases totaled 62,600 shares at reference prices around RMB19.39 to RMB19.85. The final resultant balance was recorded as zero. All dealings were made for Morgan Stanley Bank, N.A.’s own account, and the bank is noted to be a Class (5) associate connected with the Offeror and is ultimately owned by Morgan Stanley.
These transactions were carried out in RMB and took place in ENN’s A shares. The disclosure aligns with the Hong Kong Code on Takeovers and Mergers and serves as part of the privatisation process. No additional details beyond these dealings were provided in the announcement.
