Phillip Securities launches Singapore Depository Receipts programme

SGX Filings

Aug 12

Phillip Securities Pte Ltd announced on Aug, 12 2026 that it has established an unsponsored Singapore Depository Receipts (SDR) programme, paving the way for the issuance of SDRs that will represent Non-Voting Depository Receipts (NVDRs) issued by Thai NVDR Company Limited.

The NVDRs, in turn, track shares of companies listed on the Stock Exchange of Thailand. Phillip Securities plans to apply to the Singapore Exchange Securities Trading Limited (SGX-ST) for quotation of the SDRs. The offer relies on the Securities and Futures (Offer of Investments) (Exemption for Depository Receipts) Regulations 2023, meaning no prospectus has been or will be lodged with the Monetary Authority of Singapore.

Under the programme, The Central Depository (Pte) Limited will be the registered holder of the SDRs, while Phillip Securities (Thailand) Public Co. Ltd. will act as custodian. Trading, clearing and settlement of the SDRs will follow existing SGX-ST procedures, with fees of up to S$5 per 1,000 SDRs for issuance or cancellation and distribution charges of up to 1% on cash dividends.

The issuer highlighted investment risks, including potential price volatility, foreign-exchange exposure between the Thai baht and Singapore dollar, absence of voting rights, and the possibility of trading suspensions should underlying NVDRs be halted in Thailand. Investors are advised to review the full offering document and consider their own financial circumstances before participating.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Phillip Securities plans to apply to the Singapore Exchange Securities Trading Limited (SGX-ST) for quotation of the SDRs. The offer relies on the Securities and Futures (Offer of Investments) (Exemption for Depository Receipts) Regulations 2023, meaning no prospectus has been or will be lodged with the Monetary Authority of Singapore.</p>\n<p>Under the programme, The Central Depository (Pte) Limited will be the registered holder of the SDRs, while Phillip Securities (Thailand) Public Co. Ltd. will act as custodian. Trading, clearing and settlement of the SDRs will follow existing SGX-ST procedures, with fees of up to S$5 per 1,000 SDRs for issuance or cancellation and distribution charges of up to 1% on cash dividends.</p>\n<p>The issuer highlighted investment risks, including potential price volatility, foreign-exchange exposure between the Thai baht and Singapore dollar, absence of voting rights, and the possibility of trading suspensions should underlying NVDRs be halted in Thailand. Investors are advised to review the full offering document and consider their own financial circumstances before participating.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSMD.SI","symbol_name":"SMIC HK SDR 5to1","start_time":0,"source_url":"","article_id":"1126016660","we_media_id":"1083912268","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1126016660","pubTimestamp":1786529566,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"SGX Filings","introduction":"Fastest News on SGX Filings ","home_visible":1,"id":"1083912268","head_image":"https://community-static.tradeup.com/news/57d1beae95c40ebe9f2698a436562e39"},"summary":"Phillip Securities Pte Ltd announced on Aug, 12 2026 that it has established an unsponsored Singapore Depository Receipts (SDR) programme, paving the way for the issuance of SDRs that will represent...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSMD.SI":"SMIC HK SDR 5to1"},"translate_title":"辉立证券推出新加坡存托凭证计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSMD.SI":1},"content_text":"Phillip Securities Pte Ltd announced on Aug, 12 2026 that it has established an unsponsored Singapore Depository Receipts (SDR) programme, paving the way for the issuance of SDRs that will represent Non-Voting Depository Receipts (NVDRs) issued by Thai NVDR Company Limited.\nThe NVDRs, in turn, track shares of companies listed on the Stock Exchange of Thailand. 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