Morgan Stanley discloses HKBN dealings amidst potential takeover

The Executive received disclosures on September 10, 2025, regarding dealings in HKBN Ltd. shares by Morgan Stanley Capital Services LLC, a Class (5) associate connected with HKBN. The transactions, made for Morgan Stanley Capital Services LLC's own account and ultimately owned by Morgan Stanley, occurred on September 9, 2025, and involved both purchases and sales of derivatives.

Key transactions include an unsolicited client facilitation purchase of 786 reference securities at a price of $5.0741, totaling $3,988.2395, with a maturity date of November 17, 2025. Concurrently, an equal number of reference securities were sold under unsolicited client facilitation for the same price, also totaling $3,988.2395. Further dealings include purchases and sales of 11,482 reference securities on October 24, 2025, priced at $5.0799, and 18,372 reference securities on December 30, 2025, priced at $5.0800.

The disclosures also detail significant dealings spanning various dates through August 2027, with the largest individual transactions involving 128,521 reference securities purchased and sold at $5.0800 on December 22, 2025, each totaling $652,886.6800. All reported dealings show a resultant balance of 0, indicating that positions were closed out.