FilingReader Intelligence

Bright Smart Securities: Mandatory general offer possible

July 9, 2025 at 05:01 PM UTCBy FilingReader AI

Securities filings show that Morgan Stanley & Co., International plc engaged in share dealings of Bright Smart Securities & Commodities Group on July 8, 2025, as part of hedging activities related to Delta 1 products created from unsolicited client-driven orders. Morgan Stanley purchased 1,398,000 ordinary shares at prices ranging from $9.2000 to $10.6800, totaling USD 14,381,038.0000. Simultaneously, the firm sold 434,000 shares at prices between $10.0750 and $10.6800, amounting to USD 4,589,898.0000. These dealings, disclosed under Rule 22 of the Hong Kong Code on Takeovers and Mergers, suggest a possible mandatory general offer for Bright Smart Securities. Morgan Stanley & Co., International plc is classified as a Class (5) associate linked to the Offeror, with all dealings executed for its own account, and ultimately owned by Morgan Stanley.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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