Morgan Stanley Bank Discloses Dealings in ENN Natural Gas Co., Ltd. Shares During Privatisation Scheme

Key Points for Investors

• Privatisation Process: The disclosure relates to the ongoing privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement.
• Significant Trading Activity: On 24 February 2026, Morgan Stanley Bank, N.A. reported the purchase of 11,100 A shares of ENN Natural Gas Co., Ltd.
• Nature of Dealings: The bank’s transactions were the result of hedging Delta 1 products, driven solely by wholly unsolicited client orders.
• Transaction Details:
  • Total number of shares purchased: 11,100
  • Total amount paid: \$217,168.00
  • Highest price paid per share: \$19.98
  • Lowest price paid per share: \$19.19
• Connected Party: Morgan Stanley Bank, N.A. is classified as a Class (5) associate connected with the Offeror in the privatisation scheme and is ultimately owned by Morgan Stanley.
• Currency Note: These transactions were made in A shares, denominated in RMB.

Important Information for Shareholders

• Potential Price Sensitivity: Shareholders should note that this disclosure comes amid the ongoing privatisation activity. Dealings by significant financial institutions, especially those connected with the Offeror, may influence market sentiment and share price volatility.
• Nature of Transactions: Although these transactions were initiated as part of hedging activities and not directly related to the privatisation process, the involvement of a major financial institution like Morgan Stanley Bank could be perceived as a signal of increased market activity or positioning ahead of potential corporate actions.
• Implications for Share Value: Such disclosures are important for investors as they may pre-empt shifts in supply-demand dynamics for ENN Natural Gas shares. The price range of \$19.19 to \$19.98 per share could also serve as a reference for current trading levels in the lead-up to possible privatisation outcomes.
• Transparency and Compliance: The transaction was publicly disclosed in compliance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, ensuring transparency in the market during sensitive corporate actions.

Conclusion

Investors are advised to closely monitor further disclosures and trading activities by connected parties, as these may indicate underlying trends or strategic movements related to the privatisation. The involvement of Morgan Stanley Bank, N.A. and the timing of these trades could potentially impact investor perception and share value in the short term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisors before making any investment decisions. The information presented is based on public disclosure and may not reflect all relevant market developments.

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