Morgan Stanley discloses HKBN dealings amid possible offer

Morgan Stanley & Co. International plc, identified as a Class (5) associate connected with the offeree company, disclosed multiple dealings in HKBN Ltd. shares on September 11, 2025. These transactions, made for Morgan Stanley's own account, are part of a possible voluntary general offer for HKBN Ltd. All reported dealings were unsolicited client facilitations involving various types of derivatives products.

The disclosed transactions included both sales and purchases. One sale of 500 reference securities was recorded at a price of $5.0800, totaling $2,540.00. Purchases were more numerous and substantial, with various blocks of reference securities acquired at prices around $5.0700 and $5.0699, with maturity dates ranging from October 2025 to August 2027.

Notable purchase transactions included 7,667 reference securities for $38,871.5597, 12,267 for $62,192.8313, and a larger block of 85,969 reference securities totaling $435,862.8386. The disclosure states that Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley.