Adjustment of SOHO China Futures
Market Operations
24 Mar 2017
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 dividend.
Overview
The special dividend amount per share in Hong Kong dollars will be announced in due course.
For details, please refer to the announcement made by SOHO China on 23 March 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 symbol SOH will be as follows:
1. |
Adjustment and Transfer of Outstanding Positions
Open positions of SOHO China stock futures series under trading symbol SOH 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 symbol SOB.
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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:
For detailed trading and clearing arrangements, please refer to the circular.
Ends