Phillip Securities to Revise Terms for 35 Singapore Depository Receipts, Effective Sep, 14 2026

SGX Filings
Aug 12

Phillip Securities Pte Ltd announced amendments to the Terms and Conditions and the Form of Master that govern its Singapore Depository Receipts (SDRs) covering underlying shares listed in Thailand, Hong Kong and Indonesia.

The revisions, effective Sep, 14 2026, will give the depository wider discretion when underlying issuers undertake share splits or consolidations. The updated clause allows Phillip Securities to adjust either the number of SDRs or their underlying share ratio so that each SDR continues to represent a whole share. Any fractional entitlements created by rounding may be retained by the depository.

The Form of Master will also change. Instead of recording SDR movements on an attached schedule, the depository will now notify holders of any increase or decrease in their SDR balance “in such manner as requested by the SDR Holder.”

Phillip Securities said the amendments will neither cancel holders’ entitlement to the deposited property nor restrict their right to withdraw the underlying securities. The changes cover 35 existing SDR programmes, including receipts linked to Advanced Info Service, Alibaba, Baidu, Bank Central Asia, China Mobile, Siam Cement and others.

The updated documentation will take effect on Sep, 14 2026. The announcement was dated Aug, 12 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10