Morgan Stanley discloses ENN Energy dealings amidst privatization

On November 21, 2025, a public disclosure indicated that the Executive received a disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, related to the privatization of ENN Energy Holdings Limited. Morgan Stanley & Co., International plc, an associate connected with the offeror, reported both purchases and sales of ordinary shares.

Specifically, on November 20, 2025, Morgan Stanley & Co., International plc purchased 200 ordinary shares for a total of $13,775.00, with prices ranging from $68.75 to $69.00. On the same date, the firm sold 800 ordinary shares for a total of $55,490.00, with prices ranging from $68.85 to $69.80. These dealings were described as hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders and were made for Morgan Stanley & Co., International plc's own account.

The disclosure notes that Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley. The transactions reflect market activity surrounding the ongoing privatization by way of scheme of arrangement for ENN Energy Holdings.