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Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to SOHO China Ltd (HKG: 0410) futures to account for SOHO China’s special dividend.
|Company (Stock Code)||SOHO China (410)|
|Corporate Action||Special Dividend of RMB0.19 per share|
|Ex-date||29 September 2016|
The special dividend amount per share in Hong Kong dollars will be announced in due course.
For details, refer to the announcement made by SOHO China on August 17, 2016.
SOHO China Futures
The trading arrangements for the existing SOHO China stock futures under trading symbols SOH and SOB1 will be as follows:
- Adjustment and Transfer of Outstanding Positions
Open positions of SOHO China stock futures series under trading symbols SOH and SOB 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 SOC and SOD respectively.
- 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.
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 SOB are as follows:
The adjusted and standard stock futures series are distinct contracts and are represented by different trading symbols in HKATS/DCASS. Particulars of all existing and adjusted stock futures series will be shown in DCASS report TP011 after the DCASS batch processing on the business day immediately before the ex-date.
Capital adjustments, once being made, are conclusive and binding on all relevant stock futures contracts. The capital adjustments made will not be reversed even if the proposed corporate action is subsequently disapproved by relevant authorities, including but not limited to regulatory authorities and the court.