Morgan Stanley discloses ENN Energy dealings amidst privatization

The Securities and Futures Commission (SFC) announced disclosures of securities dealings related to the privatization of ENN Energy Holdings Limited by way of a scheme of arrangement. Morgan Stanley Capital Services LLC, identified as a Class (5) associate connected with the offeror and ultimately owned by Morgan Stanley, executed multiple unsolicited client facilitation transactions on October 27, 2025. These dealings were made for Morgan Stanley Capital Services LLC's own account.

The transactions involved "other types of products" under derivatives, with prices ranging from $68.0000 to $68.0500. Morgan Stanley Capital Services LLC engaged in both purchase and sale transactions. Purchases included 200 reference securities maturing on May 6, 2027, for a total of $13,600.0000, and another 200 reference securities on the same maturity date for the same amount. Sales included 200 reference securities maturing on October 30, 2026, for a total of $13,610.0000, and another 200 reference securities on the same maturity date for the same amount.

Further transactions on various dates also included significant volumes, such as the purchase of 1,736 reference securities on June 1, 2027, for $118,067.4680, and the sale of an equivalent amount. Another notable transaction involved the purchase of 115,500 reference securities on July 26, 2027, for $7,886,367.5340, alongside a corresponding sale of the same quantity for the same amount. The resultant balance for all disclosed dealings remained at 0, indicating balanced positions after these facilitation activities.