25 March 2026—The Executive received a Rule 22 disclosure linked to the proposed privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement.
Morgan Stanley & Co. International plc, classified as a Class (5) associate connected with the offeror, reported that on 24 March 2026 it purchased 172,000 A shares of ENN Natural Gas for hedging Delta 1 products arising from wholly unsolicited, client-driven orders.
Transaction details show a total consideration of RMB 3.93 million, with prices ranging between RMB 22.60 and RMB 23.16 per share. All trades were executed for Morgan Stanley & Co. International plc’s own account.
The reporting entity is ultimately owned by Morgan Stanley, and the disclosed activity is conducted in the context of the ongoing privatisation proposal for ENN Natural Gas.