SGX seeks owners of $68 million in unclaimed shares and dividends

The Singapore Exchange is seeking some 89,000 owners of unclaimed shares and dividends worth a total of $68.3 million. -- ST FILE PHOTO: KUA CHEE SIONG
The Singapore Exchange is seeking some 89,000 owners of unclaimed shares and dividends worth a total of $68.3 million. -- ST FILE PHOTO: KUA CHEE SIONG

You could be in luck if you are one of the 89,000 who have unclaimed dividends or shares with the Singapore Exchange (SGX).

These shares and dividends are worth $68.3 million - and the bourse operator wants to disburse them to the rightful owners.

The biggest amount - $53.7 million - is in the form of dividends to the 74,000 investors who did not cash out their cheques. The SGX is safe-keeping the money for the time-being.

Another $14.6 million is in the form of SingTel shares and dividends belonging to 15,000 people without Central Depository (CDP) accounts. These people had bought the SingTel shares during the 1993 initial public offering, on the initial understanding that they would later open CDP accounts for the shares to be transferred in.

But they have not done so, and the SGX has been holding the shares for them since then, as well as the dividends paid out by SingTel.

From Wednesday, investors can go to www.sgx.com/mygateway or call 6589 8039 (8.30 am to 5.00 pm Mondays-Fridays, 9.00 am to 12.30 pm on Saturdays), to check if they have unclaimed shares or dividends.