Morgan Stanley discloses dealings in Bright Smart Securities

The executive of the Securities and Futures Commission (SFC) disclosed dealings in Bright Smart Securities & Commodities Group Limited shares by Morgan Stanley & Co., International plc. These transactions, made on November 17, 2025, are pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers and are related to a possible mandatory general offer.

Morgan Stanley & Co., International plc, identified as a Class (5) associate connected with the Offeror and ultimately owned by Morgan Stanley, executed two types of derivatives dealings for its own account. One transaction involved the sale of 12,000 reference securities through unsolicited client facilitation, with a maturity date of May 5, 2028, at a reference price of $7.7600, totaling $93,120.00.

Another transaction involved the purchase of 84,000 reference securities, also via unsolicited client facilitation, with a maturity date of August 11, 2027, at a reference price of $7.6827, amounting to $645,347.4468. Both dealings resulted in a zero resultant balance for Morgan Stanley & Co., International plc.