J.P. Morgan Securities PLC discloses HKBN share dealings

J.P. Morgan Securities PLC disclosed dealings in the shares of HKBN LTD on May 2, 2025, pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers. The transactions involved hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders. Specifically, J.P. Morgan Securities PLC purchased 13,000 shares at prices around HKD 5.05 to HKD 5.07, amounting to a total of HKD 65,893.1800. Simultaneously, the company sold 47,500 shares, receiving HKD 240,184.5000 with prices ranging from HKD 5.05 to HKD 5.08. Additional purchases included 6,000 shares for HKD 30,411.6300 and a larger purchase of 1,691,000 shares for HKD 8,551,379.0000, all at prices around HKD 5.05. J.P. Morgan Securities PLC is classified as a Class (5) associate connected with the offeree company, acting for its own account and ultimately owned by JPMorgan Chase & Co.