Overview
- Singtel’s Special Discounted Shares, covered by a CPF trustee scheme since the 1990s, are set for an automatic transfer to individual CDP accounts after a Bill introduced in Parliament on Tuesday, with the move planned for Nov 21 if it passes.
- New rules that start Wednesday let anyone who sells these shares receive the proceeds in cash, and sales can be placed through Phillip Securities’ website, SingPost branches or selected SGX retail brokers.
- A one‑off concession allows people who sold between Jan 1, 2025 and April 7, 2026, and had proceeds credited to CPF, to apply to withdraw those proceeds in cash.
- CPF and Singtel will mail notices by end‑April, and holders can also check their status at sds.singtel.com using Singpass or call 1713 for help.
- Roughly 615,000 people still hold these shares, and market analysts say any extra selling is unlikely to move Singtel’s share price much because the volumes are small relative to daily trading.