HKBN Ltd. announced a disclosure of securities dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On May 22, 2025, Morgan Stanley & Co., International plc engaged in transactions involving ordinary shares through the hedging of Delta 1 products, resulting in the purchase of 3,500 shares for $17,901.50 and the sale of 47,000 shares for $240,379.30. These dealings were conducted for the firm's own account and were driven by wholly unsolicited client orders.
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