Morgan Stanley entity buys Bright Smart Securities shares

On December 8, 2025, Morgan Stanley & Co., International plc, an associate connected with an unnamed Offeror, disclosed the purchase of 24,000 shares in Bright Smart Securities & Commodities Group Limited. This transaction falls under Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a possible mandatory general offer.

The total amount paid for these shares was $188,400.00, with the highest and lowest prices paid per share both recorded at $7.85. The dealings were for hedging Delta 1 products, which resulted from wholly unsolicited client-driven orders.

Morgan Stanley & Co., International plc, ultimately owned by Morgan Stanley, executed these dealings. The disclosure highlights an associate's activity in the target company's shares, providing transparency as per regulatory requirements.