Morgan Stanley discloses dealings in Bright Smart Securities derivatives

Morgan Stanley & Co. International plc, identified as a Class (5) associate, disclosed several dealings in Bright Smart Securities & Commodities Group Limited shares on December 23, 2025. These transactions, made for its own account, involved derivatives linked to the company's shares.

The disclosed dealings included multiple "Unsolicited client facilitation" transactions. Two purchase transactions involved 2,000 reference securities maturing on October 30, 2026, priced at $8.2400, and 8,000 reference securities maturing on June 20, 2030, priced at $8.2045. A sale transaction for 18,000 reference securities, maturing on October 30, 2026, was priced at $8.1942. Another purchase of 24,000 reference securities, maturing on June 28, 2030, was priced at $8.1600.

All transactions resulted in a "Resultant balance" of 0, indicating that these positions were closed out or balanced. The disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, hinting at a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited.