Morgan Stanley Bank Cuts ENN Natural Gas (ENN) Derivative Position to Zero in Privatisation Context

Bulletin Express

Jun 09

Hong Kong, 9 June 2026—Under Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley Bank, N.A. reported a series of derivative transactions in A-shares of ENN Natural Gas Co., Ltd. (abbreviated as ENN). The trades, executed on 8 June 2026 as unsolicited client facilitation, relate to the ongoing privatisation of ENN by way of scheme of arrangement.

Key details are as follows:

• Derivative purchase: 1,600 shares linked to contracts maturing on 26 February 2027 at RMB 19.0725 each, for a notional consideration of RMB 0.03 million.

• Derivative sales: a combined 16,884 shares across three contracts—30 and 54 shares maturing on 9 March 2028 at RMB 19.2100 and RMB 18.8950, respectively, and 16,800 shares maturing on 31 August 2027 at RMB 19.0166—totalling RMB 0.32 million.

• Net effect: a net sale of 15,284 shares and a cash inflow of approximately RMB 0.29 million, leaving Morgan Stanley Bank, N.A. with no remaining derivative exposure to ENN shares.

Morgan Stanley Bank, N.A. is classified as a Class (5) associate of the offeror and executed the trades for its own account. The bank is ultimately owned by Morgan Stanley. All transactions were denominated in renminbi.

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(abbreviated as ENN). The trades, executed on 8 June 2026 as unsolicited client facilitation, relate to the ongoing privatisation of ENN by way of scheme of arrangement.</p>\n<p>Key details are as follows:</p>\n<p>• Derivative purchase: 1,600 shares linked to contracts maturing on 26 February 2027 at RMB 19.0725 each, for a notional consideration of RMB 0.03 million.</p>\n<p>• Derivative sales: a combined 16,884 shares across three contracts—30 and 54 shares maturing on 9 March 2028 at RMB 19.2100 and RMB 18.8950, respectively, and 16,800 shares maturing on 31 August 2027 at RMB 19.0166—totalling RMB 0.32 million.</p>\n<p>• Net effect: a net sale of 15,284 shares and a cash inflow of approximately RMB 0.29 million, leaving Morgan Stanley Bank, N.A. with no remaining derivative exposure to ENN shares.</p>\n<p>Morgan Stanley Bank, N.A. is classified as a Class (5) associate of the offeror and executed the trades for its own account. The bank is ultimately owned by Morgan Stanley. 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(abbreviated as ENN). The trades, executed on 8 June 2026 as unsolicited client facilitation, relate to the ongoing privatisation of ENN by way of scheme of arrangement.</p>\n<p>Key details are as follows:</p>\n<p>• Derivative purchase: 1,600 shares linked to contracts maturing on 26 February 2027 at RMB 19.0725 each, for a notional consideration of RMB 0.03 million.</p>\n<p>• Derivative sales: a combined 16,884 shares across three contracts—30 and 54 shares maturing on 9 March 2028 at RMB 19.2100 and RMB 18.8950, respectively, and 16,800 shares maturing on 31 August 2027 at RMB 19.0166—totalling RMB 0.32 million.</p>\n<p>• Net effect: a net sale of 15,284 shares and a cash inflow of approximately RMB 0.29 million, leaving Morgan Stanley Bank, N.A. with no remaining derivative exposure to ENN shares.</p>\n<p>Morgan Stanley Bank, N.A. is classified as a Class (5) associate of the offeror and executed the trades for its own account. The bank is ultimately owned by Morgan Stanley. All transactions were denominated in renminbi.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02688","symbol_name":"新奥能源","start_time":0,"source_url":"","article_id":"1199421843","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199421843","pubTimestamp":1780997020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Hong Kong, 9 June 2026—Under Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley Bank, N.A. reported a series of derivative transactions in A-shares of ENN Natural Gas Co., Ltd....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02688":"新奥能源"},"translate_title":"摩根士丹利银行在私有化背景下将新奥天然气（ENN）衍生品头寸削减至零","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02688":1},"content_text":"Hong Kong, 9 June 2026—Under Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley Bank, N.A. reported a series of derivative transactions in A-shares of ENN Natural Gas Co., Ltd. (abbreviated as ENN). The trades, executed on 8 June 2026 as unsolicited client facilitation, relate to the ongoing privatisation of ENN by way of scheme of arrangement.\nKey details are as follows:\n• Derivative purchase: 1,600 shares linked to contracts maturing on 26 February 2027 at RMB 19.0725 each, for a notional consideration of RMB 0.03 million.\n• Derivative sales: a combined 16,884 shares across three contracts—30 and 54 shares maturing on 9 March 2028 at RMB 19.2100 and RMB 18.8950, respectively, and 16,800 shares maturing on 31 August 2027 at RMB 19.0166—totalling RMB 0.32 million.\n• Net effect: a net sale of 15,284 shares and a cash inflow of approximately RMB 0.29 million, leaving Morgan Stanley Bank, N.A. with no remaining derivative exposure to ENN shares.\nMorgan Stanley Bank, N.A. is classified as a Class (5) associate of the offeror and executed the trades for its own account. The bank is ultimately owned by Morgan Stanley. 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