(CFD) SIA Rights Issue for Long CFD Positions    April 29, 2020

Please be informed that SIA is having a renounceable rights shares issue of 3 for every 2 existing shares and a renounceable rights MCB issue of 295 for every 100 existing shares. The ex-date will be on 6th May 2020. For LONG clients who are intending to hold your 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. You will still be subjected to standard margin call procedures. SIA rights shares CFD and rights MCB  CFD will be reflected in your CFD account after  13th May 2020. There will not be any conversion of the rights and as such all clients MUST liquidate their rights during the rights trading period from 13th May 2020 to 21st May 2020. 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 SIA under CFD. Finance charge for the rights will not be applicable. We will post further updates if there are any changes on the rights issue above. Updated 4th May 2020, 5:14pm