On 23 February 2026, ENN Energy Holdings Limited announced a privatisation by way of a scheme of arrangement. According to the disclosure received under Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley & Co. International plc reported share dealings conducted on 20 February 2026.

Morgan Stanley & Co. International plc disclosed the purchase of 11,700 ordinary shares at a total of US$0.81 million, where the highest price paid was US$69.30 and the lowest price paid was US$68.45. The firm also sold 381,600 ordinary shares at a total of US$26.32 million, with the highest price received at US$69.50 and the lowest price received at US$68.25. These dealings were related to hedging of Delta 1 products arising from wholly unsolicited client-driven orders.

Morgan Stanley & Co. International plc, ultimately owned by Morgan Stanley, is a Class (5) associate connected with the offeror. All dealings were conducted on its own account.