On 9 February 2026, an announcement regarding a proposed privatisation by way of scheme of arrangement revealed disclosures of dealings in A shares of ENN Natural Gas Co., Ltd. The disclosed party was Morgan Stanley & Co., International plc (ultimately owned by Morgan Stanley), identified as a Class (5) associate connected with the offeror. All transactions were conducted for its own account in Renminbi.

According to the document, Morgan Stanley & Co., International plc engaged in derivatives transactions on 6 February 2026. These included purchases and sales classified under unsolicited client facilitation. One purchase involved 106 reference securities maturing on 31 March 2027 at a reference price near RMB19.81, while another involved 9,500 reference securities maturing on 28 April 2026 at a reference price near RMB19.77. A corresponding sale transaction also covered 9,500 reference securities at a similar reference price. The total amounts paid or received aligned with the respective transaction sizes.

The announcement emphasized that Morgan Stanley & Co., International plc’s dealings stemmed from its facility as a Class (5) associate. As noted in the document, no resultant balance in those derivatives remained after these transactions.