Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to China Minsheng Banking Corp Ltd (Minsheng Bank) structured products, futures and options to account for Minsheng Bank’s capitalisation issue.
Corporate action overview
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Company (Stock Code)
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Minsheng Bank (1988)
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Corporate Action
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2 Capitalisation Shares for every 10 Shares
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Ex-date
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25 June 2018
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Please refer to the announcements made by Minsheng Bank on 29 March 2018 and 7 May 2018 for details.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Minsheng Bank as underlying asset
The listing documents of all existing structured products with the shares of Minsheng Bank as underlying asset contain provisions that deal with a bonus issue. Structured product issuers will make announcements in the evening of 22 June 2018 regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price) and investors should read the contents of such announcements carefully.
Adjustment of Minsheng Bank Futures and Options
For detailed trading and clearing arrangement of Minsheng Bank Futures and Options after the adjustments, please refer to the circulars posted on HKEX website.
Investors should note that the adjusted and standard stock futures and options will have different contract sizes. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.
Ends