Morgan Stanley entity buys Bright Smart Securities shares amid possible takeover bid

On December 11, 2025, a disclosure under Rule 22 of the Hong Kong Code on Takeovers and Mergers revealed that Morgan Stanley & Co., International plc purchased shares in Bright Smart Securities & Commodities Group Limited. This transaction involved 20,000 ordinary shares, totaling $150,640.

The purchases were made as part of hedging activities for Delta 1 products, stemming from unsolicited client-driven orders. The highest price paid per share was $7.65, while the lowest was $7.46.

Morgan Stanley & Co., International plc is identified as a Class (5) associate connected with the offeror and is ultimately owned by Morgan Stanley. The dealings were conducted for its own account, occurring on December 10, 2025. This activity comes amidst a possible mandatory general offer for Bright Smart Securities & Commodities Group.