On 4 March 2026, the Executive received a disclosure under Rule 22 of the Hong Kong Code on Takeovers and Mergers regarding derivatives referencing the shares of Bright Smart Securities & Commodities Group Limited (01428). Morgan Stanley & Co., International plc reported multiple unsolicited client facilitation transactions on 3 March 2026, involving both purchases and sales of derivatives with maturity dates ranging from 30 October 2026 to 8 November 2027.
The disclosed activities included an aggregate purchase of 430,000 reference securities at reference prices between $7.55 and $7.67, amounting to US$3.29 million in total. The combined sale volume reached 66,000 reference securities, with reference prices ranging from $7.34 to $8.27, generating proceeds of US$0.51 million overall.
Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeror and is ultimately owned by Morgan Stanley. According to the disclosure, these dealings were carried out for its own account.