On 21 January 2026, a public disclosure form announced a privatisation by way of a scheme of arrangement involving ENN Natural Gas Co., Ltd. According to the document, the Executive received details of dealings in ENN Natural Gas A shares under Rule 22 of the Hong Kong Code on Takeovers and Mergers.
Morgan Stanley Bank, N.A., a Class (5) associate connected with the Offeror and ultimately owned by Morgan Stanley, reported a purchase of derivatives in ENN Natural Gas on 20 January 2026. The transaction involved an unsolicited client facilitation purchase of 100 reference securities at a reference price of US$19.88 each, for a total of US$1,988.00. The maturity date of the derivatives is 31 July 2026. Following the transaction, the resultant balance was listed as zero. Dealings were carried out in RMB for Morgan Stanley Bank, N.A.’s own account.

