(CFD) CapitaLand Strategic Restructuring  Blog, MSF, POEMS, Uncategorized  September 6, 2021

Please be informed that CapitaLand Ltd (CPL) will be undergoing restructuring, which will involve a capital reduction exercise and a scheme of arrangement. The ex-date is 10 September 2021, Friday.
Phillip CFD will be catering for this corporate action for both LONG and SHORT positions.
The capital reduction and scheme of arrangement will result in CapitaLand CFD/DMA holders’ positions being replaced with:

  • 1 CapitaLand Investment (CLI) CFD/DMA contract

  • S$0.951 (Credited/debited for long/short positions respectively)

  • 0.155 CapitaLand Integrated Commercial Trust (CICT) CFD/DMA contract

for every 1 CapitaLand CFD/DMA contract held.
Positions in your CFD account will be adjusted accordingly before SG market opens on 20 September 2021, Monday.
Please take note that CLI’s margin requirement will be at 20% which is higher than CPL. Hence, we would like to highlight the risk of a margin call once positions are adjusted.
Those who do not want to participate in the corporate action have to liquidate their CPL CFD/ DMA positions by 9 September 2021, Thursday.
Updated 6th September 2021, 12:45pm