Singapore Exchange: 67.7% Of CLOB Shareholdings To Be Migrated Under CLOB Scheme B

Singapore Exchange today announced that as at 2 December 2002, The Central Depository (CDP) has received authorisation from 4,835 CLOB investors to migrate their CLOB Malaysian securities to their own Malaysian securities account under CLOB Scheme B.

This accounts for 153.8 million shares, or 67.7% of total CLOB shareholdings in CDP's nominee account with the Malaysian Central Depository (MCD). The value of these shares amounts to S$132.9 million, or 85.6% of the total value of CLOB shares.

CDP has received feedback from brokers that they are assisting some CLOB investors in obtaining their Malaysian securities accounts. As such, CDP will continue to accept responses from these investors