On 6 November 2025, Hang Seng Bank Limited (0011) issued an announcement regarding a privatisation by way of a scheme of arrangement. According to the disclosure, Morgan Stanley & Co. International plc, categorized as a Class (5) associate connected with Hang Seng Bank Limited, reported derivatives transactions on 5 November 2025 involving the bank’s shares.

The transactions were executed under unsolicited client facilitation and included multiple sales settled at reference prices generally in the range of approximately US$151.57 to US$151.90. Maturity dates for the sold derivatives span from 12 October 2026 to 18 October 2027. Purchases involved smaller volumes with maturities until 30 October 2026 and had reference prices near US$151.76 to US$151.80. The total amounts paid or received reflect each respective transaction’s size, with the largest reported single sale involving 116,300 reference securities.

All dealings were carried out for Morgan Stanley & Co. International plc’s own account. The company is ultimately owned by Morgan Stanley.