ENN Natural Gas: Morgan Stanley Executes Offset Derivative Trades, Net Position Returns to Zero

Bulletin Express

Mar 24

On 24 March 2026, ENN Natural Gas Co., Ltd. disclosed to the Executive under Rule 22 of the Hong Kong Code on Takeovers and Mergers that Morgan Stanley Capital Services LLC (MSCS), a Class (5) associate of the offeror in the company’s proposed privatisation, undertook matched derivative transactions on 23 March 2026 involving the A shares of ENN Natural Gas.

MSCS entered into two unsolicited client-facilitation purchases totalling 10,200 reference securities: • 9,200 units maturing 31 August 2027 at a reference price of USD 23.1287, representing USD 0.21 million. • 1,000 units maturing 26 February 2027 at a reference price of USD 23.1610, representing USD 0.02 million.

On the same day, MSCS executed mirror sales for the identical quantities, maturities and reference prices, resulting in a complete offset of the purchased positions.

Following these matched trades, MSCS reported a resultant balance of zero relevant securities. All transactions were conducted in renminbi and on MSCS’s own account. The firm is ultimately owned by Morgan Stanley.

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All transactions were conducted in renminbi and on MSCS’s own account. The firm is ultimately owned by Morgan Stanley.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02688","symbol_name":"新奥能源","start_time":0,"source_url":"","article_id":"1161840579","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161840579","pubTimestamp":1774345401,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"On 24 March 2026, ENN Natural Gas Co., Ltd. disclosed to the Executive under Rule 22 of the Hong Kong Code on Takeovers and Mergers that Morgan Stanley Capital Services LLC (MSCS), a Class (5)...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02688":"新奥能源"},"translate_title":"新奥天然气：大摩执行抵销衍生品交易净头寸归零","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02688":1},"content_text":"On 24 March 2026, ENN Natural Gas Co., Ltd. disclosed to the Executive under Rule 22 of the Hong Kong Code on Takeovers and Mergers that Morgan Stanley Capital Services LLC (MSCS), a Class (5) associate of the offeror in the company’s proposed privatisation, undertook matched derivative transactions on 23 March 2026 involving the A shares of ENN Natural Gas.\nMSCS entered into two unsolicited client-facilitation purchases totalling 10,200 reference securities:\n• 9,200 units maturing 31 August 2027 at a reference price of USD 23.1287, representing USD 0.21 million.  \n• 1,000 units maturing 26 February 2027 at a reference price of USD 23.1610, representing USD 0.02 million.\nOn the same day, MSCS executed mirror sales for the identical quantities, maturities and reference prices, resulting in a complete offset of the purchased positions.\nFollowing these matched trades, MSCS reported a resultant balance of zero relevant securities. 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