Morgan Stanley details ENN Natural Gas trading amid privatization bid

A public disclosure form from the Securities and Futures Commission on August 27, 2025, detailed securities dealings related to the privatization of ENN Natural Gas Co., Ltd. Morgan Stanley Capital Services LLC, identified as an associate connected with the offeror, executed several dealings in A shares of ENN Natural Gas for its own account. All dealings were made in RMB.

The transactions on August 26, 2025, included both purchases and sales of derivatives. Two separate dealings involved 100 units each, with one purchase at $18.8000 for a total of $1,880.00 and one sale at $18.8000 for $1,880.00, both maturing on September 3, 2025.

Additionally, two larger derivative dealings were reported, both maturing on May 10, 2027. One purchase involved 7,000 units at $18.8799, totaling $132,158.99. Another sale also involved 7,000 units at $18.8799, amounting to $132,158.99. These dealings are part of unsolicited client facilitation, and all reported transactions show a resultant balance of zero, indicating a balanced position after these specific trades.