On 19 January 2026, a public disclosure form was published regarding the potential privatisation of ENN Energy Holdings Limited by way of a scheme of arrangement. The form detailed derivatives dealings undertaken by Morgan Stanley & Co. International plc, a Class (5) associate connected with the offeror, on 16 January 2026.
Morgan Stanley & Co. International plc indicated multiple unsolicited client facilitation transactions involving derivatives referencing ENN Energy Holdings Limited, with maturity dates ranging from mid-2026 to the end of 2027. Reference prices for these derivatives spanned from approximately US$67.91 to US$68.50, covering transaction sizes starting at 100 and reaching 10,900 reference securities. The largest single reported transaction involved the sale of 10,900 reference securities at US$68.20, generating a total amount of US$743,380. Subsequent to each disclosed trade, the resultant balance was reported as zero.
Morgan Stanley & Co. International plc confirmed that the reported transactions were executed for its own account. It further noted that the entity is ultimately owned by Morgan Stanley.
