Channel NewsAsia
International · 2 hrs ago
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Law passed to allow Singtel special discounted shares to be transferred to holders’ CDP accounts
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Singapore has passed legislation allowing Singtel shareholders to transfer special discounted shares directly to their Central Depository (CDP) accounts, though MPs raised concerns about fraud risks and account creation procedures.
Law passed to allow Singtel special discounted shares to be transferred to holders’ CDP accounts
Members of Parliament supported the move, but raised concerns over possible scams and the creation of designated accounts for those who currently do not have CDP accounts.
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