Morgan Stanley entity trades Bright Smart shares amid offer

On September 29, 2025, the Securities and Futures Commission announced disclosures regarding dealings in Bright Smart Securities & Commodities Group Limited shares, indicating a possible mandatory general offer. Morgan Stanley & Co., International plc, identified as a Class (5) associate of the Offeror and ultimately owned by Morgan Stanley, executed these transactions for its own account.

The dealings on September 26, 2025, involved the hedging of Delta 1 products from wholly unsolicited client-driven orders. Morgan Stanley & Co., International plc purchased 80,000 ordinary shares for a total of $753,940.00, with prices ranging from a high of $9.59 to a low of $9.42. Concurrently, the firm sold 20,000 ordinary shares for $191,400.00, at both highest and lowest prices of $9.57.