Morgan Stanley discloses ENN Natural Gas share dealings in privatization scheme

On September 11, 2025, Morgan Stanley Bank, N.A. disclosed securities dealings concerning shares of ENN Natural Gas Co., Ltd. These transactions occurred on September 10, 2025, as part of a privatization by way of scheme of arrangement. Morgan Stanley Bank, N.A., identified as a Class (5) associate connected with the offeror and ultimately owned by Morgan Stanley, executed these transactions for its own account.

The disclosure detailed two types of transactions, both involving ordinary shares and described as hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders. One transaction involved the purchase of 7,700 shares for a total of 146,121.1000 yuan, with the highest price paid at 19.0480 yuan and the lowest at 18.9300 yuan.

The second transaction involved the sale of 31,832 shares for a total of 605,243.4200 yuan. For these sales, the highest price received was 19.0700 yuan, and the lowest price received was 18.9200 yuan. All dealings were made in A shares of ENN Natural Gas Co. Ltd. and conducted in yuan.