Morgan Stanley discloses ENN Natural Gas share dealings amid privatization bid

A public disclosure form from the Securities and Futures Commission on September 10, 2025, detailed securities dealings in ENN Natural Gas Co., Ltd. related to a privatization scheme of arrangement. Morgan Stanley Bank, N.A., identified as an associate connected with the offeror, executed multiple derivatives transactions in A shares of ENN Natural Gas.

The transactions, made for Morgan Stanley Bank's own account, included both sales and purchases through unsolicited client facilitation. A sale of 12,800 shares on September 9, 2025, with a maturity date of April 28, 2026, was executed at a reference price of RMB18.7642, totaling RMB240,182.1056.

Additionally, three purchase transactions were reported on September 9, 2025. These involved 10,100 shares at RMB18.7730 (due January 29, 2026); 12,000 shares at RMB18.7660 (due January 29, 2026); and 3,100 shares at RMB18.7300 (due June 30, 2026). The resultant balance for Morgan Stanley Bank, N.A. after these dealings remains zero.