Morgan Stanley details Bright Smart Securities dealings under takeover code

The Securities and Futures Commission (SFC) announced on November 27, 2025, a disclosure of dealings by Morgan Stanley & Co., International plc in shares of Bright Smart Securities & Commodities Group Limited. These dealings, made for its own account, are pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers. Morgan Stanley & Co., International plc is identified as a Class (5) associate connected with a possible mandatory general offer.

On November 26, 2025, Morgan Stanley & Co., International plc engaged in two unsolicited client facilitation transactions involving derivatives. The firm purchased 54,000 reference securities, linked to derivatives maturing on June 20, 2030, at a reference price of $8.0887 per security, totaling $436,792.0000.

Concurrently, Morgan Stanley & Co., International plc sold 70,000 reference securities, associated with derivatives set to expire on November 8, 2027. These were transacted at a reference price of $8.0287 per security, amounting to $562,011.9890. The resultant balance for both transactions is 0.