Dual Listing & Share Transfer

Dual Listings in Singapore and Hong Kong

CapitaMalls Asia Limited (CMA) was primary-listed on the Singapore Exchange Securities Trading Limited (SGX-ST) on 25 November 2009 and was secondary-listed on The Stock Exchange of Hong Kong (HKEx) on 18 October 2011.

Shareholders of CMA have the flexibility to trade their shares on either the SGX-ST or the HKEx. A shareholder may select the exchange which is most convenient and accessible for them, and will have the flexibility to transfer their shares between the SGX-ST and the HKEx and to trade on either or both these stock exchanges, subject to such transaction costs that may be incurred in transferring the shares between the two exchanges.

CMA believes that a secondary listing of its shares on the HKEx will allow it to benefit from access to a wider range of private and institutional investors and enhances its attractiveness to investors in Hong Kong and China, enhances its research coverage, profile and liquidity and provides additional avenues of financing as with financing platforms in two different leading global capital markets.

As a shareholder, you will have continued access to all announcements and circulars issued by CMA which shall be simultaneously disseminated in both Singapore and Hong Kong. You will continue to receive distributions that you are entitled to, and have the right to participate in general meetings convened by CMA.

Transfer Of Shares From Singapore To Hong Kong

Shareholders' should note that only share certificates issued by the Hong Kong share registrar, Computershare Hong Kong Investor Services Limited (Computershare), are valid for settlement of trades done on the HKEx. Therefore, shareholders who currently hold their shares in Singapore and who desire to trade on the Hong Kong market will be required to transfer their shares to the Hong Kong share register before they can sell them in Hong Kong.

Should you choose to transfer your shares 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 share transfer agent for CMA, 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 shares from Singapore to Hong Kong is summarised in the following chart:

		Express	Standard
	Shareholder to submit a 'Withdrawal of Securities Form (CDP Form 3.1, which is accompanied by a transfer deed)' to CDP and a 'Removal Request Form' (in duplicate) to Boardroom
	CDP forwards share certificate and share transfer form to Boardroom
	Boardroom forwards removal request form to Computershare and removes the shareholder from Singapore share register
	Computershare includes shareholder to the Hong Kong share register and issues share certificate for collection. Shareholders to ensure they have set up an investor participant account with HKSCC or a stock account with a designated CCASS participant.
	Shareholder/Hong Kong depository participant deposits share certificate into the Central Clearing and Settlement System (CCASS)

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

1. CDP charges a fee of S$10.00 for each withdrawal request for 1,000 shares or below, or S$25.00 for each withdrawal request, for more than 1,000 shares.
   
   
2. Boardroom charges a fee of S$30.00 and S$2.00 per certificate for each removal request.
   
   
3. 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, subject to a minimum charge of HK$5,000.00, and steps 1 to 5 described above would require ten (10) business days to complete. Alternatively, the standard route, for which Computershare charges a base fee of HK$200.00 and HK$2.50 per certificate, would take an additional four (4) business days and the whole process would take 14 business days to complete. However, the fees can be waived if your removal takes place before the dual listing date.
   
   
4. There is no fee for deposit of securities into the CCASS depository.
   
   
5. Please check with your broker on the requirement to complete any additional forms as well as any handling and/or custodian fees.
   
   

* Please note that these transfer charges may be subject to change. Please check with CDP, Boardroom or Computershare for the latest transfer charges.

"Withdrawal of Securities" Form (CDP Form 3.1, which is accompanied by a transfer deed) to CDP FORM | SAMPLE

"Removal Request Form" (in duplicate) to Boardroom FORM | SAMPLE

Transfer Of Shares From Hong Kong To Singapore

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

To transfer your shares 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, Wan Chai, Hong Kong:

1. Shares certificate(s);
   
   
2. Removal Request form (in duplicate); and
   
   
3. Share transfer form (if applicable)
   
   

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

		Express	Standard
	Shareholder requests withdrawal of share certificate from CCASS participant, who in turn submits the stock withdrawal form to CCASS
	Shareholder submits the following to Computershare: Share certificate(s), Share transfer form, and Removal request form (in duplicate)
	Computershare removes shareholder from the Hong Kong share register and issues statement of account to Boardroom
	Boardroom includes the shareholder to the Singapore share register and forwards share certificate to CDP
	CDP processes the crediting of shares. shares are now ready for trading

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

1. 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.
   
   
2. 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, subject to a minimum charge of HK$5,000.00, and steps 1 to 5 described above would require eight (8) business days to complete. Alternatively, the standard route, for which Computershare charges a base fee of HK$200.00 and HK$2.50 per certificate, would take an additional seven (7) business days and the whole process would take 15 business days to complete.
   
   
3. The above process assumes that the shares to be transferred are deposited with CCASS through a designated CCASS participant. Steps 1 and 2 above allow such shareholders to re-register the shares into their own names before the removal of shareholding can be executed. Computershare charges a re-registration fee of HK$20.00 per certificate cancelled. This re-registration is not required if the shares to be transferred are registered on the Hong Kong Share Register in the Shareholder's own name. Shareholders who hold direct investor accounts in CCASS can request their share certificates directly from CCASS by submitting the stock withdrawal form.
   
   
4. Boardroom charges a fee of S$30.00 and S$2.00 per certificate for each removal request.
   
   
5. CDP charges a deposit fee of S$10.00 per transfer deed.
   
   
6. Please check with your broker/CCASS participant on the requirement to complete any additional forms as well as any handling and/or custodian fees.
   
   

* Please note that these transfer charges may be subject to change. Please check with CDP, Boardroom or Computershare for the latest transfer charges.

"Removal Request Form" to Computershare FORM | SAMPLE