On 5 June 2025, HKBN Ltd. disclosed internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. Morgan Stanley Capital Services LLC, a Class (5) associate connected with the Offeree company, conducted several transactions involving derivatives. These dealings, made for its own account, included both purchases and sales of commercial paper. The transactions spanned various dates, including significant dealings on 4 June 2025, 24 October 2025, and 25 February 2027.
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