HSBC Holdings changes denomination of issued shares
Market Operations
22 Feb 1999
Trading in HSBC Holdings plc. shares on the Stock Exchange of Hong Kong will continue to be in Hong Kong dollars despite the company's decision today (Monday) to change the denomination of their shares to US dollars. The Exchange expects the change of denomination will have no impact on their trading in Hong Kong.
Currently, over 70 securities listed on the Exchange are denominated in non-Hong Kong dollars but they are all traded in Hong Kong dollars. For example, all H shares listed on the Exchange are denominated in renminbi. A list of US dollars denominated shares is enclosed for reference.
The choice of denomination of shares is a commercial decision of the company and it is not related to the trading currency.
List of stocks with the par value in USD as at the end of January 1999
| Code |
Name
|
Par (USD)
|
|
1210
|
Amoy Properties Ltd. - Preference
|
1000.000
|
|
43
|
C. P. Pokphand Co. Ltd.
|
0.050 |
| 170 |
China Assets (Holdings) Ltd.
|
0.100 |
| 133 |
China Merchants China Direct Investments Ltd.
|
0.100 |
| 223 |
Dao Heng Bank Group Ltd.
|
0.500 |
| 142 |
First Pacific Co. Ltd.
|
0.010 |
| 378 |
Goodwill Investment (Holdings) Ltd.
|
0.100 |
| 106 |
Grand Orient Holdings Ltd.
|
0.025 |
| 980 |
Guangdong Development Fund Ltd.
|
0.010 |
|
53
|
Guoco Group Ltd.
|
0.500 |
| 114 |
Herald Holdings Ltd.
|
0.010 |
| 504 |
HSBC China Fund Ltd., The
|
0.010 |
| 100 |
Jardine International Motor Holdings Ltd.
|
0.025 |
| 538 |
JF Indonesia Fund Inc.
|
0.010 |
| 881 |
JF Japan OTC Fund Inc.
|
1.000 |
| 884 |
New Taipei Fund Ltd., The
|
0.010 |
| 316 |
Orient Overseas (International) Ltd.
|
0.100 |
| 149 |
Po Wing K wan International (Holdings) Ltd.
|
0.020 |
| 575 |
Regent Pacific Group Ltd.
|
0.010 |
| 76 |
Sen Hong Resources Holdings Ltd.
|
0.010 |
|
770
|
Shanghai International Shanghai Growth Investment Ltd.
|
0.100
|
|
1041
|
Ta Fu International Holdings Ltd.
|
0.020 |
| 888 |
Taiwan Index Fund Ltd., The - Index Sub-Fund
|
0.010 |
| 889 |
Taiwan Index Fund Ltd., The - Liquidity Sub-Fund
|
0.010 |
| 543 |
Thai Asset Fund Ltd., The - Participating Preference Shares |
0.010 |
| 540 |
Thai-Asia Fund Ltd., The
|
0.010 |
| 892 |
Thornton Taiwan Fund Ltd. - Equity Growth Sub-Fund |
0.010 |
| 891 |
Thornton Taiwan Fund Ltd. - Equity Income Sub-Fund |
0.010 |
| 893 |
Thornton Taiwan Fund Ltd. - Liquidity Sub-Fund |
0.010 |
| 322 |
Tingyi (Cayman Islands) Holdings Corp. |
0.005 |
| 303 |
VTech Holdings Ltd. |
0.050 |
Corporate Communications Department