What happened?
If you hold Singtel Special Discounted Shares, this is worth noting. Singtel has commenced the exercise of transferring these shares from the CPF Board to the individual CDP accounts of eligible shareholders. It comes like this Singtel’s share price is trading near all-time highsafter has been increasing its dividend payout in recent quarters. Once the transfer is complete, you will have direct control over your Singtel Special Discounted Shares (SDS) through your own CDP account. In practical terms, this means they will be easier to manage or trade with your other holdings. The Singtel Special Discounted Share Scheme was first introduced in 1993 as part of a government effort to encourage widespread share ownership among Singaporeans. These shares were purchased at a discounted price using CPF savings, held by the CPF Board as trustee, and came with additional loyalty shares. If you’re one of the affected shareholders, here’s…
