BRIGHT SMART (01428) – Possible Mandatory General Offer: Morgan Stanley & Co., International plc Discloses Share Dealings

Bulletin Express
Mar 04

Bright Smart Securities & Commodities Group Limited (Bright Smart, 01428) announced that Morgan Stanley & Co., International plc disclosed dealings in Bright Smart’s ordinary shares on 3 March 2026 under Rule 22 of the Hong Kong Code on Takeovers and Mergers.

Morgan Stanley & Co., International plc purchased 66,000 ordinary shares at a total consideration of US$0.51 million, with the highest price at US$8.33 and the lowest price at US$7.34. On the same day, a sale of 430,000 ordinary shares was recorded at a total amount of US$3.29 million, with the highest price at US$7.67 and the lowest price at US$7.49.

According to the announcement, Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeror, and all dealings were made for its own account. It is ultimately owned by Morgan Stanley.

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