Morgan Stanley sells ENN Natural Gas shares during privatization

On September 12, 2025, the Securities and Futures Commission received a disclosure regarding dealings in ENN Natural Gas Co. Ltd. shares. This was in connection with its privatization by way of a scheme of arrangement. Morgan Stanley & Co., International plc, an associate connected with the offeror, reported a sale of 3,400 ordinary shares on September 11, 2025.

The transaction involved the hedging of Delta 1 products, resulting from wholly unsolicited client-driven orders. The total amount received for these shares was RMB64,572.00. The highest price per share was RMB19.09, while the lowest price was RMB18.92.

These dealings were made for Morgan Stanley & Co., International plc's own account, a subsidiary ultimately owned by Morgan Stanley. The shares involved were A shares of ENN Natural Gas Co. Ltd., and all dealings were made in yuan.