Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Haidilao International Holding Ltd (Haidilao) structured products, futures and options to account for Haidilao’s spin-off and separate listing of Super Hi shares on the SEHK by way of a distribution in specie.
Corporate action overview
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Company (Stock Code)
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Haidilao (6862)
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Corporate Action
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Spin-off and separate listing of Super Hi shares on the SEHK by way of a distribution in specie
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Ex-date
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16 December 2022
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| Listing Day of Super Hi Shares |
30 December 2022 |
Please refer to the announcement made by Haidilao on 15 December 2022 for details.
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Haidilao as underlying asset
The listing documents of all existing structured products with the shares of Haidilao as underlying asset contain provisions that deal with a corporate action of the underlying company. If the spin-off and the distribution are implemented, structured product issuers shall make announcements in the evening of 30 December 2022 regarding the relevant adjustments to the terms of structured products (including the entitlement and exercise price as appropriate). Investors should read the contents of such announcements carefully.
Adjustments of Haidilao Futures and Options
For detailed trading, clearing and settlement arrangements of Haidilao Futures and Options after adjustments, please refer to the circulars dated 8 December 2022 (Futures, Options) and 15 December 2022 (Futures, Options) posted on HKEX website.
Investors should note that the adjusted and standard stock futures and options will have different contract sizes following the listing of Super Hi. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.
Ends