Morgan Stanley & Co., International plc disclosed dealings in HKBN Ltd. shares. On 10 July 2025, they reported the purchase of 971,500 ordinary shares for $4,863,742.86 and the sale of 74,500 shares for $372,775. These dealings were related to hedging of Delta 1 products created from unsolicited client-driven orders. Morgan Stanley & Co., International plc, a connected associate with the Offeree company, conducted these transactions for its own account.
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