|
In April 2005, the CPF Board appointed Singapore Post (SingPost) as the sole agent for CPF members to sell their Special Discounted Singapore Telecom (SingTel) shares1. This was a transitional arrangement to help those without broking accounts dispose of their shares. CPFB will extend this facility with SingPost for one more year2. Fees charged and procedures for selling SingTel shares through SingPost will remain unchanged. This extension will allow CPF members up to 31 March 2007 to sell their SingTel shares at any of the 62 SingPost offices. Thereafter, members will need to approach brokers to sell their SingTel shares.
Since SingPost started providing the service last April, about 22,000 members have used SingPost's service to sell their SingTel shares. For more details, members can visit the CPF Board website at www.cpf.gov.sg. Members with enquiries can also call the CPF hotline 1800-227-1188 or SingPost's hotline at 1605.
|