Phillip Securities unveils Singapore Depository Receipts programme

SGX Filings

Aug 12

Phillip Securities Pte Ltd announced on Aug, 12 2026 the establishment of an unsponsored Singapore Depository Receipts (SDR) programme that will issue SDRs representing Non-Voting Depository Receipts (NVDRs) listed on the Stock Exchange of Thailand.

The firm said it will apply to list the SDRs on the Singapore Exchange Securities Trading Limited, with quotation subject to SGX-ST approval of the depository, the underlying Thai companies and their NVDRs. Investors will trade the SDRs solely on SGX-ST without direct access to the Thai exchange.

According to the deed poll dated May, 22 2023, each SDR will evidence NVDRs held by Phillip Securities’ Thai custodian, Phillip Securities (Thailand) Public Co. Ltd., and will entitle holders to corresponding cash dividends or other distributions after fees and taxes.

The documentation outlines fees of up to 1% on cash dividends, an issuance fee of up to 5 million Singapore dollars per 1,000 SDRs (minimum 50, maximum 1,000), and similar charges for cancellations. The SDRs will be denominated and traded in Singapore dollars, and investors will not obtain voting rights in the underlying Thai shares.

Phillip Securities cautioned that investing in SDRs involves risks including potential price volatility, foreign-exchange fluctuations between the Thai baht and Singapore dollar, possible illiquidity, and lack of voting rights. The company may amend programme terms or terminate the SDRs with prior notice. Investors are advised to review the full offering memorandum and seek professional advice before investing.

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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Investors will trade the SDRs solely on SGX-ST without direct access to the Thai exchange.</p>\n<p>According to the deed poll dated May, 22 2023, each SDR will evidence NVDRs held by Phillip Securities’ Thai custodian, Phillip Securities (Thailand) Public Co. Ltd., and will entitle holders to corresponding cash dividends or other distributions after fees and taxes.</p>\n<p>The documentation outlines fees of up to 1% on cash dividends, an issuance fee of up to 5 million Singapore dollars per 1,000 SDRs (minimum 50, maximum 1,000), and similar charges for cancellations. The SDRs will be denominated and traded in Singapore dollars, and investors will not obtain voting rights in the underlying Thai shares.</p>\n<p>Phillip Securities cautioned that investing in SDRs involves risks including potential price volatility, foreign-exchange fluctuations between the Thai baht and Singapore dollar, possible illiquidity, and lack of voting rights. The company may amend programme terms or terminate the SDRs with prior notice. Investors are advised to review the full offering memorandum and seek professional advice before investing.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TKKD.SI","symbol_name":"KBank TH SDR","start_time":0,"source_url":"","article_id":"1110461676","we_media_id":"1083912268","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1110461676","pubTimestamp":1786529661,"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 the establishment of an unsponsored Singapore Depository Receipts (SDR) programme that will issue SDRs representing Non-Voting Depository Receipts...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TKKD.SI":"KBank TH SDR"},"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":{"TKKD.SI":1},"content_text":"Phillip Securities Pte Ltd announced on Aug, 12 2026 the establishment of an unsponsored Singapore Depository Receipts (SDR) programme that will issue SDRs representing Non-Voting Depository Receipts (NVDRs) listed on the Stock Exchange of Thailand.\nThe firm said it will apply to list the SDRs on the Singapore Exchange Securities Trading Limited, with quotation subject to SGX-ST approval of the depository, the underlying Thai companies and their NVDRs. Investors will trade the SDRs solely on SGX-ST without direct access to the Thai exchange.\nAccording to the deed poll dated May, 22 2023, each SDR will evidence NVDRs held by Phillip Securities’ Thai custodian, Phillip Securities (Thailand) Public Co. Ltd., and will entitle holders to corresponding cash dividends or other distributions after fees and taxes.\nThe documentation outlines fees of up to 1% on cash dividends, an issuance fee of up to 5 million Singapore dollars per 1,000 SDRs (minimum 50, maximum 1,000), and similar charges for cancellations. The SDRs will be denominated and traded in Singapore dollars, and investors will not obtain voting rights in the underlying Thai shares.\nPhillip Securities cautioned that investing in SDRs involves risks including potential price volatility, foreign-exchange fluctuations between the Thai baht and Singapore dollar, possible illiquidity, and lack of voting rights. 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