SINGAPORE : DBS says it will open another Authorised Trading
Centre or ATC to handle the continuing strong demand for the
service.
The lender has been seeing a growing number of investors seeking to
use the its lone-remaining ATC at its Shenton Way branch.
The ATC facility - set up in 11 years ago - allows small investors
with no trading accounts to sell their SingTel A and SingTel 2
shares.
In response to the huge demand, DBS appealed to the Singapore
Exchange for the service to be extended.
The SGX has agreed.
The ATC facility was originally supposed to be closed on December
30th.
The new ATC facility will open on Thursday at its Newton Building
along Bukit Timah Road. - CNA
Post notes: SingTel is NOT the 1st utility share to be listed