HKBN Ltd. has disclosed internal dealings in connection with a possible voluntary general offer, as per Rule 22 of the Hong Kong Code on Takeovers and Mergers. The disclosure lists multiple transactions involving derivatives, including unsolicited client facilitation purchases and sales by Morgan Stanley Capital Services LLC. These dealings, made for the company's own account, include transactions with maturity dates spanning from November 2025 to February 2027. Morgan Stanley Capital Services LLC, a Class 5 associate of the offeree company, is ultimately owned by Morgan Stanley.
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