Morgan Stanley buys Bright Smart shares amid potential takeover offer

On November 17, 2025, a public disclosure form revealed that Morgan Stanley & Co., International plc purchased 2,000 ordinary shares of Bright Smart Securities & Commodities Group Limited. This transaction was executed on November 14, 2025, for a total of $16,360.0000, with both the highest and lowest prices paid/received recorded as $8.1800 per share. The nature of these dealings was described as hedging of Delta 1 products resulting from wholly unsolicited client-driven orders.

The disclosure notes that Morgan Stanley & Co., International plc is classified as a Class (5) associate connected with the Offeror in a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited. Dealings were made for its own account, and Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.

This filing falls under Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating increased activity surrounding Bright Smart Securities & Commodities Group Limited as a potential mandatory general offer looms.