Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to SOHO China Ltd (SOHO China) futures to account for SOHO China’s special interim dividend.
Overview
For details, please refer to the announcement made by SOHO China on 15 November 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.
SOHO China Futures
Trading Arrangements
The trading arrangements for the existing SOHO China stock futures under trading symbols SOH, SOC and SOD will be as follows:
1. |
Adjustment and Transfer of Outstanding Positions
Open positions of SOHO China stock futures series under trading symbols SOH, SOC and SOD which exist after the market close on the business day immediately before the ex-date will be adjusted and transferred to stock futures series under trading symbols SOG, SOE and SOF respectively.
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2. |
Introduction of New Stock Futures Series for Trading
On the ex-date, new SOHO China stock futures series based on the standard contract multiplier will be introduced for trading under the standard trading symbol SOH.
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Details of the adjustment procedures for SOHO China stock futures series under trading symbol SOH are as follows:
Details of the adjustment procedures for SOHO China stock futures series under trading symbol SOC are as follows:
Note 1
ACM* are the Adjusted Contract Multiplier generated from capital adjustment made on 29 September 2017 due to the special dividend of $0.41000 per share. Current ACM for the SOC stock futures are:
For details, please refer to the circular.
Details of the adjustment procedures for SOHO China stock futures series under trading symbol SOD are as follows:
Note 2
ACM* are the Adjusted Contract Multiplier generated from capital adjustment made on 29 September 2017 due to the special dividend of $0.41000 per share. Current ACM for the SOD stock futures are:
For details, please refer to the circular.
Investors should note that the adjusted and standard stock futures series have different contract multipliers. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.
For detailed trading and clearing arrangements, please refer to the circular.
Ends