Bright Smart Securities and Commodities Group Ltd. announced internal dealings involving Morgan Stanley & Co., International plc under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On June 27, 2025, Morgan Stanley engaged in the purchase of 104,000 ordinary shares and the sale of 2,094,000 ordinary shares as a result of wholly unsolicited client-driven orders. These transactions were related to the hedging of Delta 1 products.
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