Bright Smart: Morgan Stanley Capital Services Discloses Offset Derivative Deals During Potential Takeover Process

Bulletin Express
Apr 14

On 14 April 2026, the Takeovers Executive received a Rule 22 disclosure confirming that Morgan Stanley Capital Services LLC (MSCS), a Class (5) associate of the potential offeror, completed offsetting derivative transactions linked to Bright Smart Securities & Commodities Group Limited.

On 13 April 2026, MSCS executed two unsolicited client-facilitation trades referencing Bright Smart shares:

• Purchase of derivatives over 2,000 reference securities at a price of $12.20, with a cash consideration of $24,400 and a maturity date of 29 May 2026. • Corresponding sale of derivatives over the same 2,000 reference securities at the identical price and maturity, also for $24,400.

The offsetting nature of the transactions leaves MSCS with a resultant net balance of zero Bright Smart-linked derivatives. All dealings were undertaken for MSCS’s own account.

The disclosure forms part of the ongoing monitoring related to a possible mandatory general offer for Bright Smart, ensuring transparency of dealings by parties connected to the offeror.

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