Bright Smart Securities and Commodities Group Ltd. has disclosed securities dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On 7 July 2025, Morgan Stanley & Co., International plc reported dealings involving the hedging of Delta 1 products through wholly unsolicited client-driven orders. The transactions involved the purchase of 690,000 ordinary shares and the sale of 14,000 ordinary shares. Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, conducted these dealings for its own account.
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