Morgan Stanley entity deals in Bright Smart Securities shares

On December 9, 2025, Morgan Stanley & Co., International plc, identified as a Class (5) associate connected with an offeror, disclosed its dealings in the shares of Bright Smart Securities & Commodities Group Limited. The transactions involved the purchase of 8,000 ordinary shares for its own account.

The reported total amount paid for these shares was $62,100.00. The dealings were executed with a highest price of $7.86 and a lowest price of $7.70 per share. These dealings were described as hedging of Delta 1 products created from wholly unsolicited client-driven orders.

This disclosure was made public on December 10, 2025, as part of the requirements under Rule 22 of the Hong Kong Code on Takeovers and Mergers, potentially signaling a mandatory general offer for Bright Smart Securities & Commodities Group. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.