ESR Group Ltd. has disclosed internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. On May 22, 2025, Morgan Stanley & Co., International plc engaged in the purchase of 120,000 ordinary shares and the sale of 1,696,800 ordinary shares as part of hedging Delta 1 products resulting from unsolicited client-driven orders. The dealings were made for Morgan Stanley & Co.'s own account, and the company is a Class (5) associate connected with the Offeror.
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