DUAL LISTING & UNIT TRANSFER
Dual Listing in Singapore and Hong Kong
Transfer Of Units From Singapore To Hong Kong
Transfer Of Units From Hong Kong To Singapore
Download of forms

Dual Listing in Singapore and Hong Kong

Fortune REIT is primary listed on The Stock Exchange of Hong Kong Limited (“SEHK”) and secondary listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”).

As an unitholder of Fortune REIT, you may select the exchange which is most convenient and accessible for you, and will have the flexibility to transfer your units between the SEHK and the SGX-ST and to trade on either or both these stock exchanges, subject to transaction costs involved in transferring the units between the two exchanges. You will also have continued access to all announcements and circulars issued by Fortune REIT which shall be simultaneously disseminated in both SEHK and SGX-ST. You will continue to receive distributions that you are entitled to, and have the right to participate in general meetings convened by Fortune REIT.


Transfer of Units From Singapore to Hong Kong

Unitholders’ should note that only unit certificates issued by the Hong Kong Unit registrar, Computershare Hong Kong Investor Services Limited (“Computershare”), are valid for settlement of trades done on the SEHK. Therefore, unitholders who currently hold their units in Singapore and who desire to trade on the Hong Kong market will be required to transfer their units to the Hong Kong Unit Register before they can sell them in Hong Kong.

Should you choose to transfer your units for trading in Hong Kong, you will be required to complete and submit a ‘Request for Withdrawal of Securities form’ to The Central Depository (Pte) Limited (“CDP”), whose address is 4 Shenton Way #02-01, SGX Centre 2, Singapore 068807 and a ‘Removal Request form’ in duplicate to Boardroom Corporate & Advisory Services Pte. Ltd. (“Boardroom”), the Singapore Unit registrar for Fortune REIT, whose address is 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623. You can obtain these forms from the respective offices of CDP and Boardroom.

The process for the transfer of units from Singapore to Hong Kong is summarized in the following chart:

The transfer charges involved in the transfer of units from Singapore to Hong Kong are as follows:

1. Computershare offers two levels of service – express and standard. Under the express route, Computershare charges the higher of 0.05% of market value or HK$20.00 per certificate, and steps 1 to 4 described above would generally require up to nine (9) business days to complete but will be subject to the discretion of Computershare and will not be available during peak operation seasons of Computershare. Alternatively, the standard route, for which Computershare charges a base fee of HK$25.00 and HK$2.50 per certificate, takes an additional four (4) business days and the whole process generally takes up to thirteen (13) business days to complete.

2. CDP charges a fee of S$10.00 for each withdrawal request of 1,000 units or below, or S$25.00 for each withdrawal request, of more than 1,000 units.

3. Boardroom charges a fee of S$10.00 for each transfer request.

4. There is no fee for deposit of securities into the CCASS depository.

5. Please check with your broker/custodian on the requirement to complete any additional forms as well as any handling and/or custodian fees.

• WITHDRAWDAL FORM TO CDP ( >Sample | >Form )
• REMOVAL REQUEST FORM TO BOARDROOM ( >Sample | >Form )


Transfer of Units From Hong Kong to Singapore

Unitholder should note that only units which are deposited in CDP are valid for settlement of trades done on the SGX-ST. Therefore, unitholders who currently hold their units in Hong Kong and wish to trade on the Singapore market will be required to transfer their units to CDP before they can sell them on SGX-ST.

To transfer your units from Hong Kong to Singapore, you will be required to submit the following documents to Computershare whose address is Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong:

(a) Unit certificates;
(b) Removal Request form (in duplicate); and
(c) Unit transfer form (if applicable)

These forms are available at request from Computershare’s office. The process for the transfer of units from Hong Kong to Singapore is summarized in the following chart:

The transfer charges involved in the transfer of units from Hong Kong to Singapore are as follows:

1. Computershare offers two levels of service – express and standard. Under the express route, Computershare charges the higher of 0.05% of market value or HK$20.00 per certificate, and steps 1 to 4 described above would generally require up to seven (7) business days to complete but will be subject to the discretion of Computershare and will not be available during peak operation seasons of Computershare. Alternatively, the standard route, for which Computershare charges a base fee of HK$25.00 and HK$2.50 per certificate, takes an additional seven (4) business days and the whole process generally takes up to fourteen (14) business days to complete.

2. CCASS charges a withdrawal fee of HK$3.50 per board lot (subject to a minimum of HK$20.00) for withdrawal from the CCASS system.

3. The above process assumes that the units to be transferred are deposited with CCASS through a designated CCASS participant. Steps 1 and 2 above allow such unitholders to re-register the units in their own names before the removal of unitholding can be executed. Computershare charges a re-registration fee for each certificate cancelled. This re-registration is not required if the units to be transferred are registered on the Hong Kong Unit Register in the unitholder’s own name. Unitholders who hold direct investor accounts in CCASS can request their unit certificates directly from CCASS by submitting a Stock Withdrawal form.

4. Boardroom charges a fee of S$10.00 for each transfer request.

5. CDP charges a deposit fee of S$10.00 per deposition.

6. Please check with your broker/custodian on the requirement to complete any additional forms as well as any handling and/or custodian fees.

• REMOVAL REQUEST FORM TO COMPUTERSHARE ( >Sample | >Form )


Download of Forms

• WITHDRAWAL FORM TO CDP ( >Sample | >Form )
• REMOVAL REQUEST FORM TO BOARDROOM ( >Sample | >Form )
• REMOVAL REQUEST FORM TO COMPUTERSHARE ( >Sample | >Form )