On 5 March 2026, a disclosure filing revealed that Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, completed transactions in the shares of Bright Smart Securities & Commodities Group Limited (01428) on 4 March 2026. The dealings reportedly stemmed from hedging arrangements related to Delta 1 products created by wholly unsolicited client-driven orders. Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley and carried out the transactions for its own account.
According to the disclosure, Morgan Stanley & Co. International plc purchased 168,000 shares for US$1.20 million, at a highest price of US$7.34 and a lowest price of US$7.02. The filing also recorded a sale of 22,000 shares for US$0.16 million, with prices ranging from US$7.39 (highest) to US$7.28 (lowest).