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How to sell my discounted Singtel shares?

There are three ways to sell your discounted Singtel shares:

Log in to my cpf Online Services with your Singpass. Select my cpf > My dashboards > Investment, look under “Discounted Singtel Shares” section and click on “Sell your shares”. 

 

You will be directed to POEMS - an online trading platform managed by Phillip Securities Pte Ltd (‘Phillip Securities’). Once you have submitted your online instruction, Phillip Securities will sell your discounted Singtel shares. The proceeds of sale will be refunded to your CPF Ordinary Account within 6 working days.

 

You can find out more information on selling your discounted Singtel shares through the Online Sale Facility in this document (PDF, 0.6MB).

Visit any Singapore Post Offices (‘SingPost’). For SingPost to process your instruction, you need to sell a minimum quantity of 10 shares. You would also need to produce the following documents at SingPost:

  • Your identity card; and
  • The latest copy of your CPF Statement of Account, which indicates the number of discounted Singtel shares held in your CPF account.

If you are unable to sell your discounted Singtel shares in person, you may authorise a third party to sell the shares on your behalf. Your authorised person must bring the following documents to SingPost:

  • A completed and signed ‘Account Opening and Authorisation for The Sale of STA & ST2 Shares Form’. All sections including ‘Third Party Authorisation’ are to be completed. This application form is available at all SingPost branches;
  • Identity cards belonging to both authorised person and you; and 
  • The latest copy of your CPF Statement of Account, which indicates the number of discounted Singtel shares held in your CPF account.

You can find out more information on selling your discounted Singtel shares through SingPost in this document (PDF, 0.8MB).

Please approach your broker if you have a trading account with them. If you do not have a trading account, you can open one with any SGX broking firm (PDF, 0.1MB).

 

Internet trading platforms for most brokers do not cater for sale of discounted Singtel shares. Please check with your broker before selling your discounted Singtel shares.