Morgan Stanley sells Bright Smart shares amid offer uncertainty

Morgan Stanley & Co., International plc has disclosed the sale of 114,000 ordinary shares in Bright Smart Securities & Commodities Group Limited on November 10, 2025. The transaction, described as hedging for Delta 1 products from unsolicited client orders, totaled $1,014,560.00, with prices ranging from $8.82 to $9.03. Morgan Stanley & Co., International plc, a Class (5) associate of the Offeror, executed these dealings for its own account.

This disclosure occurs as Wealthiness and Prosperity Holding Limited's possible unconditional mandatory cash offer for Bright Smart remains pending. The Long Stop Date for satisfying completion conditions is approaching on November 25, 2025. While one completion condition (b) has been met, condition (c) is still being actively pursued with authorities. The Offeror is considering extending the Long Stop Date due to the potential for remaining conditions not to be satisfied in time.

Shareholders and potential investors are advised that the offer's completion is contingent upon these conditions, and the transaction may not proceed. Further updates on the status of the completion conditions and the offer are expected.