Bright Smart Securities and Commodities Group Ltd. has disclosed internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On May 23, 2025, Morgan Stanley & Co., International plc engaged in the purchase and sale of ordinary shares as part of hedging Delta 1 products resulting from unsolicited client-driven orders. Morgan Stanley purchased 14,000 shares and sold 18,000 shares. The dealings were conducted for Morgan Stanley & Co.'s own account, which is connected with the Offeror and ultimately owned by Morgan Stanley.
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