Morgan Stanley details ENN Natural Gas dealings in privatization scheme

The Executive has released a disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, detailing transactions involving ENN Natural Gas Co., Ltd. on 12 September 2025. Morgan Stanley & Co., International plc, an associate connected with the Offeror, executed several unsolicited client facilitation dealings for its own account.

The transactions included both purchases and sales of derivatives referencing "Other types of products" in A shares of ENN Natural Gas Co. Ltd., with all dealings made in RMB. A purchase of 5,300 reference securities was made at RMB19.1370, totaling RMB101,425.9993. Simultaneously, two sales occurred: one for 5,300 reference securities at RMB19.1370, also totaling RMB101,425.9993, and another for 800 reference securities at RMB19.1415, amounting to RMB15,313.2000.

Additionally, a purchase of 4,300 reference securities at RMB19.1723, totaling RMB82,441.0018, was reported with a maturity date of 29 July 2026. Another purchase of 800 reference securities at RMB19.1415, totaling RMB15,313.2000, was also disclosed for the same date. The resultant balance for all disclosed dealings remained at zero, indicating a balanced position.