Hong Kong’s Takeovers Executive announced on 13 April 2026 that it received a Rule 22 disclosure concerning Bright Smart Securities & Commodities Group Limited in connection with a possible mandatory general offer.
On 10 April 2026, Morgan Stanley & Co. International plc—identified as a Class (5) associate of the offeror—carried out an unsolicited client-facilitation purchase of derivatives linked to 2,000 Bright Smart shares.
Key terms of the transaction: • Product type: other derivatives • Reference price: $12.20 per share • Gross consideration: $24,400 • Maturity / closing-out date: 29 May 2026
The filing states that the dealing was executed for Morgan Stanley’s own account and that its resultant balance in the referenced securities is zero.
The disclosure fulfills reporting requirements under the Hong Kong Code on Takeovers and Mergers during the ongoing possible mandatory general offer for Bright Smart.