PC Partner Group Limited Announces Voluntary Delisting from Hong Kong Stock Exchange: Key Details for Investors

PC Partner Group Limited (“PC Partner” or “the Company”), a Cayman Islands-incorporated entity listed on both the Hong Kong Stock Exchange (HKEX: 1263) and Singapore Exchange (SGX-ST: PCT), has issued an important announcement regarding its proposed voluntary withdrawal of its listing from HKEX. This move has significant implications for shareholders and could potentially impact the Company’s share price and liquidity.

Key Points of the Announcement

• Delisting Date: PC Partner’s shares will be officially delisted from HKEX at 4:00 p.m. on Wednesday, 14 January 2026. The last trading day on HKEX will be Thursday, 8 January 2026. No further trading of shares will be possible on HKEX after this date.
• Share Register Transfer: After the delisting, on Monday, 23 March 2026, all shares registered on the Hong Kong Branch Share Register will be automatically transferred to the Singapore Branch Share Register maintained by B.A.C.S. Private Limited. The Hong Kong Branch Share Register will be closed on this date.
• New Share Certificates: Existing Hong Kong share certificates will be cancelled and replaced with new certificates under the Singapore Branch Share Register. Physical certificates will not be tradable on SGX-ST until deposited with CDP (The Central Depository, Singapore).
• Company-Borne Costs: PC Partner will cover certain costs for shareholders who submit requisite documents for share removal by Monday, 9 March 2026. Covered costs include standard share removal services, cancellation and issuance of new share certificates, and (where applicable) CDP deposit fees. Any other costs (such as withdrawal from CCASS, brokerage fees, opening CDP accounts after the specified period) will be borne by shareholders.

Important Actions and Implications for Shareholders

• Registered Shareholders:
  • If action is not taken before 23 March 2026, shares will be automatically transferred to the Singapore register. New physical certificates will be issued but are not tradable until deposited with CDP.
  • To trade shares on SGX-ST, shareholders must have a trading account and a CDP account or CDP sub-account.
• Non-registered Shareholders (holding via CCASS):
  • If no action is taken, shares will be transferred and registered under “HKSCC Nominees Limited” on the Singapore Branch Share Register. Physical certificates will be issued in the name of HKSCC Nominees Limited only.
  • Non-registered shareholders will not receive certificates in their own names and will not be able to trade on SGX-ST until shares are withdrawn from CCASS and deposited into CDP.
  • Dividend payments will be credited to HKSCC Nominees Limited for onward distribution. Shareholders may experience delays and added complications for claiming dividends and entitlements.
  • Non-registered shareholders are strongly encouraged to contact their brokers, banks, or CCASS participants to arrange for share removal and update their records.
• Physical Share Certificates & Trading:
  • SGX-ST is a scripless platform. Physical certificates are not tradable until deposited with CDP.
  • Shareholders without CDP accounts will receive physical certificates by mail along with a request for electronic payment details for dividends.
• Dividend Payments:
  • Future dividends post-delisting will be denominated in Singapore dollars.
  • Shareholders with CDP accounts will receive dividends directly in SGD.
  • Shareholders without CDP accounts will have dividends converted and paid in Hong Kong dollars, either via direct credit or cheque.

Share Price Sensitive and Newsworthy Considerations

• Liquidity Concerns: The delisting from HKEX may affect liquidity for shareholders who do not move their shares to SGX-ST, potentially impacting share price due to reduced trading channels.
• Dividend Currency Change: Post-delisting, all dividends will be paid in Singapore dollars, impacting currency risk and shareholder returns, especially for those accustomed to Hong Kong dollar payments.
• Potential for Shareholder Inaction: Shareholders who do not act before the deadlines may lose tradability and face administrative hurdles for dividends and corporate actions, which could affect market sentiment and the share price.
• Cost Implications: The Company will bear certain removal costs for a limited period, but shareholders must act promptly to avoid additional fees, which could influence investor decisions and trading activity.

Action Steps for Shareholders

1. Review the Circular for detailed instructions and deadlines.
2. Contact Computershare or your broker immediately to arrange for share removal and transfer to Singapore.
3. Ensure you have a CDP account (or CDP sub-account via a depository agent) for trading on SGX-ST.
4. Update your bank and contact details with BACS for smooth dividend payments.
5. Consult professional advisers if in doubt about the actions required.

Contact Information

• Computershare Hong Kong Investor Services Limited: Shops 1712–1716, 17/F, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong. Tel: (852) 2862 8555. Email: www.computershare.com/hk/contact
• B.A.C.S. Private Limited (Singapore Registrar): 77 Robinson Road, #06–03 Robinson 77, Singapore 068896. Tel: (65) 6593 4848. Email: [email protected]
• The Central Depository (Pte) Limited (CDP): 4 Shenton Way, #02–01 SGX Center 2, Singapore 068807. Tel: (65) 6535 7511. Email: [email protected]
• UOB Kay Hian (Hong Kong) Limited: 6/F, Harcourt House, 39 Gloucester Road, Hong Kong. Tel: (852) 2136 1818. Email: [email protected]

Management Statement

The announcement is issued by order of the Board, signed by Chairman Mr. Wong Shik Ho Tony. The Board includes a mix of Executive and Independent Non-executive Directors.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are strongly advised to review the official announcement and circular, and consult with their own professional advisers before making any decisions. The information presented herein is based on the Company’s official announcement and may be subject to change. No liability is accepted for any loss or damage arising from reliance on this article.

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