Morgan Stanley discloses HKBN share dealings under takeovers code

Morgan Stanley & Co., International plc revealed a series of dealings in the shares of HKBN Ltd. (HKEX:1310), as disclosed to The Executive, pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers. The transactions, all involving derivatives linked to HKBN shares, occurred on June 2, 2025, and earlier dates. The derivatives include various types of products, and the dealings are classified as unsolicited client facilitation, including both sales and purchases. Specific transactions involved reference securities ranging from 500 to 33,500 units. Key deals included the sale of 1,000 reference securities with a total amount paid/received of USD4,942.5000 due to mature in February 2027, and the purchase of 117,000 reference securities due to mature in January 2026 with total amount of USD577,484.5003. Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeree company, confirmed that the dealings were made for its own account.