Morgan Stanley details dealings in Bright Smart shares ahead of potential offer

On November 26, 2025, Morgan Stanley & Co. International plc, identified as a Class (5) associate connected with the Offeror, disclosed its dealings in Bright Smart Securities & Commodities Group Limited shares. The disclosure, made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, details transactions executed for its own account.

The dealings involved two types of transactions related to hedging Delta 1 products from unsolicited client-driven orders. Morgan Stanley & Co. International plc purchased 80,000 ordinary shares for a total of $600,538. The highest price paid for these shares was $7.63, while the lowest was $7.30.

Concurrently, the firm also sold 6,000 ordinary shares, receiving a total of $45,318. The highest price received from these sales was $7.628, and the lowest was $7.44. Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley.