Morgan Stanley discloses dealings in HKBN shares

Morgan Stanley & Co., International plc disclosed a series of dealings in the shares of HKBN Ltd. The transactions, classified as unsolicited client facilitation sales, were reported in compliance with Rule 22 of the Hong Kong Code on Takeovers and Mergers. Several derivative transactions occurred on July 2, 2025, with maturities ranging from July 2026 to November 2028. Key transactions included a sale of 17,242 securities (Maturity date 16 July 2026) at a reference price of $4.9889 each, totaling USD 86,018.5621, and another sale of 33,500 securities (Maturity date 29 May 2026) at a reference price of $4.9890, totaling USD 167,132.3643. Various other transactions were detailed, showcasing Morgan Stanley's dealings in HKBN shares. All reported transactions resulted in zero resultant balance. Morgan Stanley & Co., International plc is classified as a Class (5) associate connected with the offeree company, and the dealings were executed for its own account. The announcement states that Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.