Morgan Stanley discloses ENN Natural Gas share dealings amid privatization

The Securities and Futures Commission announced on December 23, 2025, a disclosure of securities dealings by Morgan Stanley & Co. International plc concerning ENN Natural Gas Co., Ltd. These dealings occurred as part of a privatization by way of a scheme of arrangement. Morgan Stanley & Co. International plc, identified as a Class (5) associate connected with the Offeror and ultimately owned by Morgan Stanley, executed these transactions for its own account.

The disclosure detailed two separate dealings on December 22, 2025, involving derivatives related to "other types of products." Both transactions involved 100 reference securities and had a maturity/closing out date of July 24, 2028. One transaction was an unsolicited client facilitation-sale, while the other was an unsolicited client facilitation-purchase.

Both sale and purchase transactions were conducted at a reference price of $22.1400. The total amount paid for the purchase was $2,214.0000, and the total amount received for the sale was $2,214.0000. All dealings were in A shares of ENN Natural Gas Co. Ltd. and were made in RMB, with a resultant balance of 0 for both.