Hong Kong, 12 March 2026—The Executive has received a Rule 22 disclosure under the Hong Kong Code on Takeovers and Mergers regarding dealings in the shares of Bright Smart Securities & Commodities Group Limited (01428).
On 11 March 2026, Morgan Stanley Capital Services LLC—a Class (5) associate connected with the potential offeror—executed six derivative transactions linked to Bright Smart shares for unsolicited client facilitation purposes:
• Purchases: 336,000 reference shares were acquired through three derivative contracts maturing on 30 September 2027 and 30 November 2027 at reference prices ranging from HK$7.1137 to HK$7.1219, involving total consideration of approximately HK$2.39 million.
• Sales: An identical 336,000 reference shares were subsequently sold via corresponding derivative contracts with the same maturities and reference prices, generating proceeds of roughly HK$2.39 million.
Following the matched transactions, Morgan Stanley Capital Services LLC reported a resultant balance of zero relevant securities. All dealings were conducted for its own account.
The disclosure is made in connection with a possible mandatory general offer for Bright Smart. No further details on the prospective offer were provided in the filing.