(CFD) Tencent Holding Ltd Spin-off  Blog, MSF, POEMS, Uncategorized  December 29, 2022

Please be informed that Tencent Holdings Ltd is undergoing a Spin-off of 1 Meituan Class B Share for every 10 existing Tencent Holdings Ltd shares with ex-date on 5th January 2023, Thursday. We will be catering for the Spin-off for both LONG and SHORT positions. For LONG clients who are intending to hold their positions past the ex-date and be entitled to the Long Meituan CFD contracts at a price of $0 , we would like to highlight the increased risk of a margin call between the ex-date and the Pay date. Clients will still be subjected to standard margin call procedures. Meituan CFD contracts will be reflected in your CFD account on Pay date  (24th March 2023, Friday). For SHORT clients who are intending to hold their positions past the ex-date, clients will be credited Short Meituan CFD contracts on ex-date at the price of $0. If clients do not wish to be subjected to the corporate action, clients need to close off the position by 4th January 2023, before HKEX market closes.   Updated 29th December 2022, 9:00 am