Adjustment of Digital China Structured Products and Futures
Market Operations
25 Jul 2017
Hong Kong Exchanges and Clearing Limited has announced the arrangements for the adjustment to Digital China Holdings Ltd (Digital China) structured products and futures to account for Digital China’s rights issue.
Overview
For details, please refer to the announcement made by Digital China on 23 July 2017.
Highlights of the adjustment arrangements are set forth below. Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Digital China as underlying asset
The listing documents of all existing structured products with the shares of Digital China as underlying asset contain provisions that deal with a rights issue. Structured product issuers will make announcements in the evening of 9 August 2017 regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price, where appropriate). Investors should read the contents of such announcements on the relevant adjustments.
Digital China Futures
Trading Arrangements
The trading arrangements for the existing Digital China stock futures under trading symbol DIG will be as follows:
Details of the adjustment procedures for Digital China stock futures series under trading symbol DIG are as follows:
Where $4.00 is the Subscription Price for the New Share and $S^ is the underlying stock closing price on 9 August 2017 (the business day immediately before the ex-rights date).
For detailed trading and clearing arrangements, please refer to the circular.
Ends