Bright Smart Securities and Commodities Group Ltd. has disclosed internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On May 16, 2025, Morgan Stanley & Co., International plc engaged in hedging of Delta 1 products, resulting in the purchase of 212,000 ordinary shares for $1,300,000 and the sale of 10,000 shares for $62,100. These transactions were driven by wholly unsolicited client orders. Morgan Stanley & Co. is a Class (5) associate connected with the Offeror and made these dealings for its own account.
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