The discounted SingTel shares refer to A and SingTel 2 shares, offered to Singaporeans through their CPF accounts in 1993 and 1996, respectively.
To check your discounted ST shareholdings
, please click here
The following info is extracted from the document:
http://mycpf.cpf.gov.sg/NR/rdonlyres/01 ... CPFFAQ.PDF
Singapore Post (SingPost) has been appointed as the facilitating agent for members who wish to sell their discounted SingTel shares. SingPost will offer this new service to members from 1 April 2005 to 31 March 2007.
They may also sell their shares through their brokers if they have existing trading accounts. After the SingPost arrangement ends on 31 March 2007, members will need to open trading account with brokers (if they do not have one) and trade through the brokers if they decide to sell their shares.
You are required to obtain and submit the sales Application Form personally
at any one of the 62 post offices. You will need to sign the Application Form in the presence of the post office staff, who will act as the witness.
However, if you are unable to submit the Application Form in person at the post office, you may appoint another person to submit the Application Form on your behalf. The authorised person is required to obtain your signature on the Application Form and bring his and your NRIC to perform the transaction at the post office. He will also need to countersign on the Application Form in the presence of the post office staff.
The staff at the post office will check the number of SingTel shares against CPF Boardâ€™s records electronically when you submit your Application Form at the post office. There is no need for you to produce any documentary evidence of your shareholdings.
SingPost will forward your Application Form to Phillip Securities for processing. The sale transaction should be executed between the second and fourth trading day from the date the post office receives your Application Form. The sale price is based on the prevailing market price at the time that the sale is executed.
Note: Sale proceeds will be credited into your CPF Ordinary Account and subject to the CPF withdrawal conditions.