HKBN Ltd. has disclosed recent internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. The dealings, dated 15 May 2025, involved Morgan Stanley Capital Services LLC, which is connected with the Offeree company. The transactions included unsolicited client facilitation involving derivatives and other products. Morgan Stanley Capital Services LLC made these dealings for its own account, with a focus on commercial paper, as part of a potential voluntary general offer.
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