Bright Smart Securities and Commodities Group Ltd. has disclosed securities dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On 15 May 2025, Morgan Stanley & Co., International plc, a connected associate with the Offeror, executed several transactions involving derivatives linked to Bright Smart Securities. These transactions, conducted for Morgan Stanley's own account, included unsolicited client facilitation sales and purchases of derivatives, with maturity dates spanning from 2025 to 2027.
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