More than 1 in 4 Singtel discounted-share holders have sold their shares

Around 180 million Singtel SDS have been sold in total, accounting for about 25 per cent of all such shares.

Published Sep 17, 2026, 12:40 PM

Updated Sep 17, 2026, 01:44 PM

SINGAPORE – About 163,000 people, or 27 per cent of all Singtel Special Discounted Shares (SDS) holders, have sold their shares as at Aug 31.

This is up from about 83,000 holders, or 13 per cent of the total, who had sold their shares as at April 30.

Around 180 million Singtel SDS have been sold in total, accounting for about 25 per cent of all such shares, said Singtel in an announcement on Sept 17. Of those who sold their shares, more than 60 per cent did not have individual Central Depository (CDP) accounts.

The sales come ahead of the Nov 21 transfer of the remaining SDS from the CPF Board to holders’ CDP accounts. Those with individual CDP accounts will have their shares transferred there, while designated CDP accounts will be created for those without one.

The SDS scheme was introduced in the 1990s to encourage Central Provident Fund members to participate in share ownership at a time when many were unfamiliar with investing.

Parliament approved changes in May to end the CPF Board’s longstanding role as trustee of the scheme, allowing shareholders who bought the discounted Singtel shares in 1993 and 1996 to manage them directly.

Singtel and the CPF Board said they have been reaching out to SDS holders ahead of the transfer, including through hard-copy notifications sent in April.

More than 117,000 walk-in inquiries and transactions have been processed at 36 Singapore Post branches islandwide as at Aug 31, while a dedicated SDS hotline has received more than 15,000 calls.

The Agency for Integrated Care has also conducted house visits to more than 11,000 older SDS holders who may not be digitally savvy.

SDS holders who want to keep their shares do not need to take any action before the Nov 21 transfer.

Those who want to sell their shares before the transfer can do so until Nov 18 through Phillip Securities’ website, SingPost branches or selected Singapore Exchange retail brokers. Trading of the shares will be temporarily paused between Nov 19 and 21 to facilitate the transfer.

They can also continue to sell their shares after the transfer, with CPF withdrawal conditions waived for the sale proceeds. Holders can choose to receive the proceeds in cash.

After the transfer, holders with individual CDP accounts will have dividends credited to the bank accounts linked to their CDP accounts. If they sell their shares, the proceeds will be paid based on their arrangements with their brokers.

For those whose shares are held in designated CDP accounts, dividends and sale proceeds will be credited to their CPF Ordinary Accounts. They can also choose to receive their sale proceeds in cash.

新加坡电信SDS总共售出了约1.8亿股，约占此类股份总数的25%。

发布于2026年9月17日下午12:40

更新于2026年9月17日下午1:44

新加坡——截至 8 月 31 日，约有 163,000 人（占新加坡电信特别折扣股 (SDS) 所有持有人的 27%）出售了他们的股票。

截至 4 月 30 日，约有 83,000 名股东（占总数的 13%）出售了他们的股票。

新加坡电信在9月17日发布的公告中表示，新加坡电信SDS股票总共售出约1.8亿股，约占此类股票总数的25%。在这些售股者中，超过60%的人没有个人中央存托账户（CDP）。

此次销售是在11月21日剩余的SDS（储蓄型股票）从中央公积金局转移到持有人中央存管账户（CDP）之前进行的。拥有个人CDP账户的持有人，其股票将直接转移到该账户；而对于没有个人CDP账户的持有人，将为其设立指定的CDP账户。

SDS计划于20世纪90年代推出，旨在鼓励中央公积金成员参与股票所有权，当时许多人对投资并不熟悉。

国会于 5 月批准了相关变更，结束了中央公积金局长期以来作为该计划受托人的角色，允许在 1993 年和 1996 年以折扣价购买新加坡电信股票的股东直接管理这些股票。

新加坡电信和中央公积金局表示，他们在转账前一直在与SDS持有人联系，包括4月份寄出的纸质通知。

截至 8 月 31 日，新加坡邮政在全岛 36 个分行处理了超过 117,000 件到店咨询和交易，而专门的 SDS 热线已接到超过 15,000 个电话。

综合护理机构还对 11,000 多名可能不擅长使用数字技术的老年 SDS 持有者进行了家访。

想要保留股份的SDS持有者在11月21日转让之前无需采取任何行动。

有意在股份过户前出售股份的投资者，可于11月18日前通过辉立证券网站、新加坡邮政分行或指定新加坡交易所零售经纪商进行交易。为方便股份过户，股份交易将于11月19日至21日期间暂停。

转让后，他们还可以继续出售所持股份，出售所得款项无需满足公积金提取条件。持有人可以选择以现金形式领取所得款项。

转账完成后，持有个人CDP账户的股东将在其关联的银行账户中收到股息。如果他们出售股份，所得款项将根据他们与经纪商的约定支付。

对于持有指定中央存管账户（CDP账户）的投资者，股息和出售所得款项将存入其公积金普通账户。他们也可以选择以现金形式领取出售所得款项。