BRIGHT SMART (01428): Possible Mandatory General Offer and Derivative Dealings Disclosed by Morgan Stanley & Co. International plc

Bulletin Express
Mar 05

On 5 March 2026, a disclosure was issued regarding a possible mandatory general offer involving Bright Smart Securities & Commodities Group Limited (01428). The Executive received details of securities dealings from Morgan Stanley & Co. International plc, a Class (5) associate connected with the offeror. According to the submission, Morgan Stanley & Co. International plc conducted several unsolicited client facilitation transactions in other types of products on 4 March 2026, covering both purchases and sales of reference securities and maturing between 2027 and 2030.

The disclosed dealings included purchases of 2,000 reference securities (maturity 5 November 2027) at a reference price of US$7.3900 for a total of US$0.01 million, and 20,000 reference securities (maturity 5 November 2027) at US$7.3250 for a total of US$0.15 million. Additional sales involved 2,000 reference securities (maturity 28 June 2030) at US$7.0600 for US$0.01 million, 20,000 reference securities (maturity 20 June 2030) at US$7.1110 for US$0.14 million, 72,000 reference securities (maturity 30 September 2027) at US$7.0711 for US$0.51 million, and 74,000 reference securities (maturity 8 November 2027) at US$7.1873 for US$0.53 million. The resultant balance for each of these derivative transactions was reported as zero.

Morgan Stanley & Co. International plc confirmed that these dealings were made for its own account and that it is ultimately owned by Morgan Stanley.

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