On 24 February 2026, ENN Energy Holdings Limited announced a disclosure of dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers in relation to its privatisation by way of a scheme of arrangement. Morgan Stanley Capital Services LLC, identified as a Class (5) associate connected with the Offeror, reported multiple derivatives transactions referencing ENN Energy Holdings Limited on 23 February 2026.

Morgan Stanley Capital Services LLC conducted unsolicited client facilitation activities, comprising both purchases and sales of derivatives linked to the company’s shares. A total of 16,328 derivatives reference securities were involved on the purchase side, with an aggregate payment of 1.13 million US dollars, and the same number and total amount on the sale side. Reference prices ranged between 68.96 US dollars and 69.73 US dollars, with maturities stretching from May 2026 to December 2027. All resultant balances for these transactions were recorded as zero.

According to the announcement, the disclosed dealings were undertaken for Morgan Stanley Capital Services LLC’s own account, and the entity is ultimately owned by Morgan Stanley.