Significant Securities Dealings in ENN Natural Gas Co., Ltd. by Morgan Stanley & Co., International plc
Significant Securities Dealings in ENN Natural Gas Co., Ltd. by Morgan Stanley & Co., International plc
Key Points from the Latest Public Disclosure
The Executive has received a major disclosure related to dealings in the shares of ENN Natural Gas Co., Ltd. This disclosure is made in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, in the context of the company’s proposed privatisation via a scheme of arrangement.
Summary of Transactions
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Disclosing Party: Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror and ultimately owned by Morgan Stanley.
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Date of Dealings: 9 March 2026
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Type of Securities: Derivatives related to A shares of ENN Natural Gas Co., Ltd., transacted in RMB.
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Nature of Dealings: All transactions were unsolicited client facilitation, including both purchases and sales.
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Resultant Balance: All positions resulted in a zero balance, indicating no net directional exposure at the close of the disclosed period.
Detailed Transaction List
| Type |
Action |
Quantity |
Maturity/Closing Date |
Reference Price (RMB) |
Total Amount (RMB) |
| Derivatives |
Sale |
300 |
27 Jan 2027 |
21.7900 |
6,537.00 |
| Derivatives |
Purchase |
200 |
28 Apr 2026 |
21.8850 |
4,377.00 |
| Derivatives |
Purchase |
200 |
10 Jul 2026 |
22.8900 |
4,578.00 |
| Derivatives |
Purchase |
300 |
27 Jan 2027 |
22.1400 |
6,642.00 |
| Derivatives |
Purchase |
1,500 |
29 Jul 2026 |
21.7400 |
32,610.00 |
| Derivatives |
Purchase |
100 |
27 Jan 2027 |
21.7870 |
2,178.70 |
| Derivatives |
Sale |
100 |
27 Jan 2027 |
21.7870 |
2,178.70 |
| Derivatives |
Purchase |
200 |
29 Dec 2026 |
21.8420 |
4,368.40 |
| Derivatives |
Sale |
200 |
29 Dec 2026 |
21.8420 |
4,368.40 |
| Derivatives |
Purchase |
300 |
28 Apr 2026 |
21.9200 |
6,576.00 |
| Derivatives |
Sale |
300 |
28 Apr 2026 |
21.9200 |
6,576.00 |
| Derivatives |
Purchase |
400 |
27 Jan 2027 |
22.3475 |
8,939.00 |
| Derivatives |
Sale |
400 |
27 Jan 2027 |
22.3475 |
8,939.00 |
| Derivatives |
Purchase |
471 |
28 Apr 2026 |
21.8668 |
10,299.27 |
| Derivatives |
Sale |
471 |
28 Apr 2026 |
21.8668 |
10,299.27 |
| Derivatives |
Purchase |
500 |
27 Jan 2027 |
21.9894 |
10,994.70 |
| Derivatives |
Sale |
500 |
27 Jan 2027 |
21.9894 |
10,994.70 |
| Derivatives |
Purchase |
800 |
27 Jan 2027 |
21.7063 |
17,365.00 |
| Derivatives |
Sale |
800 |
27 Jan 2027 |
21.7063 |
17,365.00 |
| Derivatives |
Purchase |
1,300 |
29 Dec 2026 |
21.8046 |
28,346.00 |
| Derivatives |
Sale |
1,300 |
29 Dec 2026 |
21.8046 |
28,346.00 |
What Shareholders Need to Know
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All transactions were for client facilitation and not for Morgan Stanley’s own proprietary position.
This means they were likely executed on behalf of clients and do not reflect a directional bet by the bank itself.
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All resultant balances are zero, suggesting that Morgan Stanley closed out each position rather than building a stake or taking a standing market position in ENN Natural Gas.
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The timing of these transactions is important: They were disclosed during an active privatisation process, which is a period of heightened sensitivity for the share price of ENN Natural Gas Co., Ltd.
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Shareholders should note that the company is subject to a privatisation scheme, which may result in significant changes to the share structure, value, and future trading prospects of the stock.
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The prices at which these derivatives trades were executed provide a reference for investors regarding the market’s current valuation of ENN Natural Gas shares in the context of the privatisation.
Potential Impact on Share Price
While the disclosed dealings by Morgan Stanley & Co., International plc do not indicate a directional view or proprietary interest, the sheer volume and timing of these transactions during a privatisation process could contribute to increased market attention and volatility. Investors should remain alert to further disclosures and official announcements regarding the privatisation, as these may directly impact the stock’s liquidity, valuation, and future prospects.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors are encouraged to conduct their own due diligence and consult financial professionals before making any investment decisions. The author does not hold any position in ENN Natural Gas Co., Ltd. or related derivatives at the time of writing.
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