HKBN Ltd. has disclosed internal dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers. Morgan Stanley Capital Services LLC, a Class (5) associate connected with the Offeree company, reported several transactions involving derivatives. These dealings, conducted for the company's own account, include unsolicited client facilitation involving both purchase and sale of commercial paper. The transactions relate to varying maturity dates, including November 2025 and July 2028. Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley.
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