Morgan Stanley details dealings in Bright Smart Securities under Takeovers Code

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 transactions, made for its own account, were pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a potential mandatory general offer.

On November 27, 2025, Morgan Stanley engaged in two derivative transactions. One involved an unsolicited client facilitation purchase of 2,000 reference securities, with a maturity date of June 20, 2030, at a reference price of $7.7800. The second transaction was an unsolicited client facilitation sale of 8,000 reference securities, maturing on May 29, 2026, at a reference price of $7.7600.

Both dealings resulted in a resultant balance of 0, meaning no direct holdings remain from these specific transactions. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.