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SGX to standardise names of shares on investors' CDP statements

Published on Apr 14, 2014 3:05 PM
 
A man walks past the Singapore Exchange (SGX) building at Shenton Way. From Monday, April 14, 2014, the names of the companies listed on investors' Central Depository (CDP) statements will be the same as the names identified on their trading counters. -- ST FILE PHOTO: KUA CHEE SIONG

SINGAPORE - From Monday, the names of the companies listed on investors' Central Depository (CDP) statements will be the same as the names identified on their trading counters.

The Singapore Exchange (SGX) said that this is part of efforts to improve the securities market for investors and listed companies.

Standardising the names of listed companies on CDP statements means investors can easily recognise the shares they have bought. This update only applies to a company's ordinary shares.

Other information the SGX is looking at improving include the names of other types of securities such as bonds, warrants and exchange-traded funds, as well as the stock code of companies and the legal names of companies.

 
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