Morgan Stanley affiliate buys ENN Natural Gas shares amid privatization

A disclosure on November 6, 2025, detailed securities dealings by Morgan Stanley & Co. International plc in ENN Natural Gas Co., Ltd., as part of a privatization scheme. Morgan Stanley & Co. International plc, identified as a Class (5) associate connected with the offeror, purchased 16,300 ordinary shares of ENN Natural Gas Co. Ltd. on November 5, 2025.

The dealings, made for its own account, involved hedging of Delta 1 products resulting from wholly unsolicited client-driven orders. The total amount paid for these shares was 324,394 yuan. The highest price paid per share was 20.04 yuan, while the lowest price paid per share was 19.69 yuan.

These transactions involved A shares of ENN Natural Gas Co. Ltd. and were reported in yuan, highlighting active trading by an entity ultimately owned by Morgan Stanley during the company's scheme of arrangement for privatization.