(CFD) Sembcorp Marine Renounceable Rights Issue  Blog, MSF, POEMS  August 20, 2021

Please be informed that Sembcorp Marine is undergoing a renounceable rights issue of 3 for 2 existing shares with ex-date on 25th August 2021, Wednesday.

We will be catering for the rights for both LONG and SHORT positions.

Subscription of rights are NOT allowed.


The Rights trading period: 31st August 2021 (Tuesday) to 08th September 2021 (Wednesday)


For LONG clients who are intending to hold their positions past the ex-date and be entitled to the rights, we would like to highlight the increased risk of a margin call between the ex-date and the rights trading date.

Clients will still be subjected to standard margin call procedures.

Sembcorp Marine rights CFD will be reflected in your CFD account on the second day of rights trading (1st September 2021, Wednesday).

There will not be any conversion of the rights and as such all clients MUST sell their rights during the rights trading period. Otherwise, the rights will lapse and be closed off at a traded price of zero.

Liquidation of your rights will be done on a phone-only market order basis.

Commission is chargeable for the liquidation of the rights at the commission rates similar to Sembcorp Marine under CFD.

Finance charge for the rights will not be chargeable.


For SHORT clients who are intending to hold their positions past the ex-date, clients will be required to call in to the CFD dealing desk to buy back the Rights CFD on the first day of trading for the rights (31st August 2021, Tuesday).

If the client failed to do so, CFD will conduct a force buy-back after 4pm within the same day.


If clients do not wish to be subjected to the corporate action, clients need to close off the position by 24th August 2021, before SGX market closes.


Updated 24th August 2021, 5:50pm