Morgan Stanley details Bright Smart Securities dealings

Morgan Stanley & Co., International plc, a Class (5) associate connected with an unnamed offeror, disclosed dealings in shares of Bright Smart Securities & Commodities Group Limited. The transactions, made for its own account, were reported to the Executive as per Rule 22 of the Hong Kong Code on Takeovers and Mergers. The disclosure, dated December 22, 2025, indicates a possible mandatory general offer for the company's shares.

The disclosed dealings include both sale and purchase transactions of derivatives. On December 19, 2025, Morgan Stanley & Co., International plc facilitated an unsolicited client sale of 10,000 reference securities through derivatives, with a maturity date of October 30, 2026. This transaction was executed at a reference price of $7.9848, resulting in a total amount received of $79,848.00.

Concurrently, the firm also executed an unsolicited client purchase of 298,000 reference securities through derivatives, with a maturity date of February 16, 2026. The reference price for this purchase was $8.0226, leading to a total amount paid of $2,390,727.946. Both transactions showed a resultant balance of 0. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.