Morgan Stanley details HKBN derivative dealings amidst potential takeover

On August 26, 2025, Morgan Stanley Capital Services LLC reported several unsolicited client facilitation dealings in HKBN Ltd. derivatives, pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers. These transactions, made for its own account, involved both purchases and sales of "Other types of products" derivatives.

One purchase transaction involved 43,000 reference securities with a maturity date of June 29, 2026, at a reference price of $5.0700, totaling $218,010.0000. Another purchase involved 45,000 reference securities with a maturity date of May 29, 2026, at $5.0726, totaling $228,264.9975.

In addition, two sale transactions were reported, each involving 43,000 reference securities maturing on June 29, 2026, at a price of $5.0700, and 45,000 reference securities maturing on May 29, 2026, at $5.0726, respectively offsetting the purchase amounts. Morgan Stanley Capital Services LLC is a Class (5) associate of the offeree company and is ultimately owned by Morgan Stanley. The disclosure indicates a resultant balance of zero for all dealings.