On 22 January 2026, an announcement regarding the privatisation by way of scheme of arrangement of ENN Energy Holdings Limited disclosed that the Executive received securities dealing information under Rule 22 of the Hong Kong Code on Takeovers and Mergers.
Morgan Stanley Capital Services LLC reported several dealings dated 21 January 2026 involving derivatives classified as “other types of products.” These transactions were characterized as unsolicited client facilitation activities. They included sales and purchases of 100 reference securities at US$68.00, with a maturity date of 29 November 2027, as well as 1,000 reference securities at US$68.075, with a maturity date of 13 November 2026. Additional transactions were executed involving 2,000 reference securities at US$68.00 maturing on 29 May 2026. The total amounts involved per transaction mirrored the quantity multiplied by the respective reference price, with no resultant balance reported after each dealing.
Morgan Stanley Capital Services LLC is a Class (5) associate connected with the Offeror, and these dealings were made for its own account. The entity is ultimately owned by Morgan Stanley.
