Morgan Stanley details HKBN share dealings amidst potential offer

The Securities and Futures Commission announced on September 3, 2025, the disclosure of securities dealings by Morgan Stanley Capital Services LLC in HKBN Ltd. shares, in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers. This disclosure comes amidst a possible voluntary general offer for HKBN Ltd.

On September 2, 2025, Morgan Stanley Capital Services LLC, an associate connected with the offeree company and ultimately owned by Morgan Stanley, executed two significant transactions for its own account. These involved both the purchase and sale of derivatives, each comprising 25,000 reference securities. Both transactions were conducted at a reference price of $5.0700.

The dealings, described as "unsolicited client facilitation," were made on derivatives with a maturity date of May 29, 2026. Following these transactions, the resultant balance for both the purchase and sale dealings stands at zero. The disclosure highlights the market activity of a key associate during a period of potential corporate action concerning HKBN Ltd.