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The SDS scheme is part of the Government’s asset enhancement programme to make Singapore a share-owning society, giving Singaporeans a greater stake in the country.
Singaporean CPF members were able to buy discounted Singapore Telecom (Singtel) shares in 1993 (ST "A" shares) and 1996 (ST2 shares). Members who held on to their discounted Singtel shares were entitled to loyalty shares.
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There are three ways to sell your discounted Singtel shares. Proceeds from the sale will be refunded to your CPF Ordinary Account (OA). You can apply to withdraw the proceeds from your OA if you’ve met your CPF withdrawal conditions.
Learn how to withdraw your discounted Singtel shares.