| For illustration purposes, assume Company ABC made the following announcement:
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Details
Shares consolidation of every 5 existing ordinary shares into 1 ordinary share
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Last day to trade in existing shares (before the Consolidation)
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12-Jan-09 (Monday)
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Commencement Date to trade in Consolidated Shares
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13-Jan-09 (Tuesday)
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Book Closure Date*
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15-Jan-09 (Thursday)
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*Book Closure Date is the day when the shareholder records of a company are closed for the purpose of determining the holdings of Consolidated Shares of Shareholders under the Share Consolidation.
a) If you have 1000 ABC shares at the close of the trading day on 12 January 2009, your new holdings available for selling will be 200 ABC Consolidated Shares from 13 January 2009 onwards.
b) The stock prices will very often be adjusted accordingly to reflect the effect of the share consolidation. However, the stock prices may also affected by a myriad of factors such as the usual market forces of demand and supply, economic and political events (both at home and abroad).
c) Do ensure that you have checked your new holdings prior to submission of sales order. Any oversold positions by client will be constituted as "Short Selling" and subjected to buying-in by CDP.
d) Due to changes in the iOCBC stock code, your iOCBC Portfolio will not be updated to reflect your new holdings in ABC Company. Please refer to the User Guide http://portal.iocbc.com/PDF/Portfolio.pdf to find out how you can make manual adjustments to your iOCBC portfolio.
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