Bright Smart Securities and Commodities Group Ltd. announced internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On May 13, 2025, Morgan Stanley & Co., International plc engaged in unsolicited client facilitation purchases of derivatives related to Bright Smart Securities. The transactions involved 294,000 and 78,000 reference securities, with maturity dates on July 31, 2025, and March 15, 2027, respectively, and a smaller transaction of 545 reference securities maturing on October 30, 2025. These dealings were conducted for Morgan Stanley's own account.
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