Phillip Securities, first to issue SGX Singapore Depository Receipts under the Thailand-Singapore DR Linkage
SINGAPORE, 30 May 2023 – Phillip Securities, a member of PhillipCapital, has become the first institution in Singapore to issue the SGX Singapore Depository Receipts (SDR) under the Thailand-Singapore DR Linkage. Singapore Depository Receipts (SDR), the first exchange-level DR cooperation in Southeast Asia, are officially launched today. The collaborative effort between SGX Group and Phillip Securities enables investors to trade securities listed on other exchanges directly on SGX. As the issuer of the product, Phillip Securities will handle the issuance and cancellation of the SDR. Under the Thailand-Singapore DR Linkage, the initial wave of SDR will be introduced for Thai-listed securities. Thailand, the