ENN Natural Gas – Disclosure of Morgan Stanley Bank, N.A. Dealings (22 October 2025)

Bulletin Express
Oct 22

On 22 October 2025, a disclosure of dealings in the shares of ENN Natural Gas Co., Ltd. was released in connection with a privatisation by way of a scheme of arrangement. According to the filing, Morgan Stanley Bank, N.A., a Class (5) associate connected with the Offeror, reported a purchase of 71,300 ordinary shares on 21 October 2025. The total amount paid was US$1,314,488, with the highest transaction price at US$18.53 and the lowest at US$18.40.

Morgan Stanley Bank, N.A. indicated that the dealing resulted from hedging of Delta 1 products created by wholly unsolicited client-driven orders. The filing further noted that Morgan Stanley Bank, N.A. is ultimately owned by Morgan Stanley. These transactions involved A shares of ENN Natural Gas Co., Ltd. and were made in RMB.

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