To sell the discounted Singtel shares at a certain price, the shares should be transferred to the nominee’s Central Depository (Pte) Ltd (CDP) account so that there is control over the sale of shares.
If the nominee wishes for the shares to be transferred to his CDP account, he will need to instruct us within six weeks from the notification of the member’s death. If we do not receive any instructions from the nominee within six weeks, we will sell the shares. The sale proceeds will be disbursed to the nominee, together with other nominated CPF monies, in cash. Find out what are the
conditions under which we would sell the deceased member's discounted Singtel shares.
