Morgan Stanley affiliate discloses Bright Smart Securities derivatives dealings

Morgan Stanley Capital Services LLC received a disclosure of securities dealings concerning Bright Smart Securities & Commodities Group Limited. This disclosure, dated November 19, 2025, details transactions involving derivatives related to Bright Smart Securities under Rule 22 of the Hong Kong Code on Takeovers and Mergers.

Morgan Stanley Capital Services LLC, identified as a Class (5) associate connected with an unnamed offeror and ultimately owned by Morgan Stanley, engaged in both purchase and sale transactions. These dealings were executed for its own account as "Unsolicited client facilitation" for "Other types of products." Each transaction involved 22,000 reference securities, with a maturity date of June 20, 2030, and a reference price of $7.2791.

The total amount paid for the purchase was $160,140.0000, while the total amount received for the sale was also $160,140.0000. Following these transactions, the resultant balance for both the purchase and sale dealings is reported as 0, indicating no net holding from these specific derivative dealings. The document notes these dealings occur amidst a "Possible mandatory general offer."