Bright Smart Securities and Commodities Group Ltd. announced a disclosure of dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On 21 May 2025, Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, reported transactions involving derivatives related to Bright Smart Securities. The dealings, made for Morgan Stanley's own account, included both sales and purchases of commercial paper. Notably, the transactions involved a total of 198,000 reference securities with maturity and closing out dates extending to March 2027.
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