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(02-11-2022, 09:52 AM)ghchua Wrote:(02-11-2022, 08:29 AM)pianist Wrote: Re current distribution in specie of share hkt, anyone opting to receive the HK shares? If so, how do u handle that ccass brokerage account issue if you don't have such account from sg?
Hi pianist,
If you don't have a CCASS brokerage account, you can still receive the HKT shares in share certificate. After that, you can approach your broker to deposit the HKT share certificate into your HK trading account and you can transact from there.
I have also informed the company secretary to explore bulk sale of HKT shares for shareholders who forgot to opt for cash distribution but received the HKT share certificate after this exercise. No guarantee though that they will do it.
Note that the above is only for shareholders holding PCRD shares in CDP account. For CPF and SRS investors, there is no option to receive HKT shares. There is only cash option.
To asking local broker to deposit that scrip into my HK trading accouny, can I suppose it would attract a fee, or has pcrd negotiated with selected broker to allow us deposit it foc?