Morgan Stanley details HKBN share dealings amidst potential offer

Morgan Stanley Capital Services LLC, identified as a Class (5) associate connected with HKBN Ltd., has disclosed multiple dealings in HKBN shares made for its own account, following a potential voluntary general offer. The transactions, dated September 3, 2025, involved a series of unsolicited client facilitation purchases and sales of derivatives referencing HKBN securities.

Key transactions include a purchase of 3,868 shares maturing on October 24, 2025, for HK$19,610.3732 and a sale of 3,868 shares on the same maturity for HK$19,610.3732, both at a reference price of HK$5.0699. Additional dealings included purchases and sales of varying share quantities, with maturities extending to December 22, 2025, August 26, 2027, and October 2, 2026, predominantly at a reference price of HK$5.0700.

The largest individual transaction by value was a purchase of 43,478 shares maturing on December 22, 2025, totaling HK$220,433.4600. Despite these numerous dealings, the resultant balance for all disclosed transactions remains zero, indicating a balanced position after each set of trades. Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley.