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Adjustment of China Tower Structured Products, Futures and Options

Market Operations
26 Nov 2024

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to China Tower Corporation Limited (China Tower) structured products, futures and options to account for China Tower’s share consolidation and capital reduction.

Corporate action overview

Company (Stock Code)

China Tower (788)

Corporate Action

Every ten existing shares will be consolidated into one consolidated and reduced share

Effective Date

20 February 2025

 

Please refer to the announcement made by China Tower on 21 November 2024 for details.

Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.

Structured products with shares of China Tower as underlying asset

The listing documents of all existing structured products with the shares of China Tower as underlying asset contain provisions that deal with share consolidations.  Structured product issuers will make announcements in the evening of 19 February 2025 regarding the relevant adjustments (including the adjusted entitlement and adjusted exercise price) and investors should read the contents of such announcements carefully.

Adjustments of China Tower Futures and Options

For detailed trading, clearing and settlement arrangements China Tower Futures and Options after adjustments, please refer to the circulars posted on HKEX website.

Investors should note that the adjusted and standard stock futures and options will have different contract sizes. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.

 

Ends

Updated 26 Nov 2024