princess_morbucks
26-11-13, 14:09
http://www.businesstimes.com.sg/breaking-news/singapore/sgx-looking-89000-investors-s683m-unclaimed-dividends-and-singtel-shares-201
SOMEWHERE out there in Singapore, there is an investor who has a S$1.2 million windfall.
The investor is one of 89,000 people owning S$68.3 million of unclaimed dividends and SingTel shares who could not be contacted despite the best efforts of the Singapore Exchange (SGX).
Tomorrow, a website at http://www.sgx.com/mygateway will be launched for investors to check if they have unclaimed assets, using their NRIC number.
Unclaimed dividends come about when investors do not opt for them to be directly credited to their bank accounts.
The dividend checks were mailed out but investors did not cash them for various reasons.
Unclaimed SingTel shares and dividends were from the telco's 1993 initial public offering, where investors had signed up for but did not follow through by opening a Central Depository (CDP) account.
Most investors have unclaimed dividends or shares of less than S$1,000, SGX said.
SOMEWHERE out there in Singapore, there is an investor who has a S$1.2 million windfall.
The investor is one of 89,000 people owning S$68.3 million of unclaimed dividends and SingTel shares who could not be contacted despite the best efforts of the Singapore Exchange (SGX).
Tomorrow, a website at http://www.sgx.com/mygateway will be launched for investors to check if they have unclaimed assets, using their NRIC number.
Unclaimed dividends come about when investors do not opt for them to be directly credited to their bank accounts.
The dividend checks were mailed out but investors did not cash them for various reasons.
Unclaimed SingTel shares and dividends were from the telco's 1993 initial public offering, where investors had signed up for but did not follow through by opening a Central Depository (CDP) account.
Most investors have unclaimed dividends or shares of less than S$1,000, SGX said.