Disclosure of Dealings in ENN Natural Gas Co., Ltd. Shares by Morgan Stanley Bank, N.A.
Key Disclosure: Dealings in ENN Natural Gas Co., Ltd. Shares by Morgan Stanley Bank, N.A.
Date of Disclosure: 2 March 2026
Subject: Privatisation by Way of Scheme of Arrangement – Disclosure of Dealings in ENN Natural Gas Co., Ltd. Shares
Key Points for Investors
- Morgan Stanley Bank, N.A., acting as a Class (5) associate connected with the Offeror, has reported a transaction in the shares of ENN Natural Gas Co., Ltd.
- Date of Transaction: 27 February 2026
- Type of Securities: Ordinary A shares
- Nature of Dealings: Hedging of Delta 1 products, arising from wholly unsolicited, client-driven orders.
- Type of Deal: Purchase
- Total Number of Shares Involved: 1,700
- Total Amount Paid: RMB 34,626.00
- Price Range: Highest price paid was RMB 20.45 per share; lowest price paid was RMB 20.25 per share.
- Purpose: The dealings were made for the bank’s own account, not on behalf of clients or third parties.
- Ultimate Ownership: Morgan Stanley Bank, N.A. is ultimately owned by Morgan Stanley.
Key Considerations for Shareholders
- Privatisation Context: This disclosure occurs in the context of a potential privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement. Any substantial dealings by connected parties, especially large financial institutions like Morgan Stanley, are closely monitored as they may influence the share price or reflect expectations about the outcome of the privatisation.
- Hedging Activity: The transaction was a hedging activity for Delta 1 products. While these activities are client-driven and not proprietary bets on ENN Natural Gas, significant volumes or price movements could still impact market sentiment or liquidity, particularly in the context of a major corporate event such as privatisation.
- Price Sensitivity: The prices paid (RMB 20.25–RMB 20.45) provide a current snapshot of market levels for ENN Natural Gas Co., Ltd. A shares. This could be used by investors as a reference point for current trading or as an indicator of institutional interest.
Details of the Transaction
| Date |
Party |
Type of Security |
Nature of Dealings |
Buy/Sell |
Shares Involved |
Amount Paid |
Highest Price |
Lowest Price |
| 27 February 2026 |
Morgan Stanley Bank, N.A. |
Ordinary A Shares |
Hedging of Delta 1 products (client-driven orders) |
Purchase |
1,700 |
RMB 34,626.00 |
RMB 20.45 |
RMB 20.25 |
Potential Market Impact
- This disclosure is potentially price sensitive given the privatisation context and the involvement of a major international financial institution.
- Shareholders should monitor further disclosures and announcements related to the privatisation process, as additional significant dealings by associates or other connected parties could influence both the share price and the likelihood of the scheme’s approval.
- The disclosed price range may also serve as a reference for ongoing trading in ENN Natural Gas Co., Ltd. shares, especially as the privatisation process unfolds.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors are advised to conduct their own research or consult financial professionals before making investment decisions.
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