Morgan Stanley discloses derivatives dealings in Bright Smart Securities

Morgan Stanley & Co., International plc, a Class (5) associate, disclosed its dealings in derivatives of Bright Smart Securities & Commodities Group Limited on November 12, 2025. These transactions, made for its own account, occurred on November 11, 2025.

The disclosure detailed three separate unsolicited client facilitation dealings involving "Other types of products" derivatives. Two were sales: one for 10,000 reference securities at $8.7100, totaling $87,100.00, with a maturity date of May 29, 2026; and another for 12,000 reference securities at $8.7650, totaling $105,180.00, maturing on November 29, 2029.

Additionally, Morgan Stanley reported an unsolicited client facilitation purchase of 104,000 reference securities at $8.7619, amounting to $911,240.00. This derivative has a maturity date of November 8, 2027. Following these transactions, the resultant balance for all dealings was zero, indicating no open positions from these specific disclosures. The announcement suggests a possible mandatory general offer concerning Bright Smart Securities.