What happens to Unitholders of fortune REIT after it announces its delisting from SGX? - Seedly
 

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Asked by Anonymous

Asked on 04 Jul 2019

What happens to Unitholders of fortune REIT after it announces its delisting from SGX?

What happens to Unitholders of fortune REIT after it announces its delisting from SGX?

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There are a few scenarios for shareholders. But please do take action before 3 Oct 2019.

If you want, you can request for transfer of shares from CDP to the Hong Kong's share depository. Then you can continue trading the shares on Hong Kong Exchange.

Else, you might want to consider selling before the last trading day in SG.

If you DO NOT do anything, you will receive PAPER share certificates from Hong Kong. This is the worst situation you want to be in. Because then you will need to open a brokerage account in Hong Kong to deposit the paper certificates.

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Michelle Chua
Michelle Chua

10 Jul 2019

Will fortune reit continue to give dividends in Aug? What is the expected share price to go before 03-Oct-2019?