牛熊證有牛證和熊證之分，對沖值一般接近或等於一，而牛證代表看好，熊證則代表看淡。每隻牛熊證可分別以股票、指數、外幣或商品作為相關資產，其價格會根據相關資產的升跌而變化，具有以較小的投資金額分享相關資產升跌變化的槓桿效應。
牛熊證其中一大特色是除行使價外，亦設有收回價，當牛熊證在投資期內觸及收回價而出現強制收回情況，便會即時停止買賣。
牛熊證主要分為N類及R類，前者行使價與收回價相同，當出現提早收回情況時，將沒有剩餘價值。R類的行使價與收回價不同，在出現提早收回情況時，R類牛熊證或有機會出現剩餘價值，但在最壞情況，則可能沒有任何剩餘價值。而目前港股的牛熊證以R類為主流。
(資料來源：Macquarie Capital Securities Limited)
通告 (3月14日在星島日報刊登)
DCMP 2779/2023
香港特別行政區
區域法院
雜項案件2023年第2779號
_______________________
有關 佳隆證券有限公司 GLS SECURITIES LIMITED（「本公司」）
和
有關地方法院規則（第 336H 章）第 92 號命令
和
有關《受託人條例》（第 29 章）第 56 及 62 條
________________________
根據香港區域法院在2024年3月7日作出的判令，法院判定（包括）：
1.本公司與本公司客戶在未領取的信託資產存在信託人關係；
2. 本公司將剩餘之未有領取的現金部份存入法庭;
3. 本公司 (i) 可將客戶未有領取的證券部份出售並將收益存入法庭,以及 (ii) 可以按照本公司認為合適的方法處理未能出售的證券部份，包括沒收該等證券;
4.在刊登本通告及向客戶郵遞本通告後，本公司無需再向客戶送達交存通知書;
日期: 2024年3月14日
佳隆證券有限公司
NOTICE (Published in The Standard 英文虎報 on March 14, 2024)
DCMP 2779/2023
IN THE DISTRICT COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION MISCELLANEOUS PROCEEDINGS NO. 2779 OF 2023
_______________________
IN THE MATTER OF GLS SECURITIES LIMITED 佳隆證券有限公司 (“Our Company”)
and
IN THE MATTER OF ORDER 92 OF THE RULES OF THE DISTRICT COURT (CAP 336H)
and
IN THE MATTER OF SECTIONS 56(1) AND 62 OF THE TRUSTEE ORDINANCE (CAP 29)
________________________
The Court has made an order on 7th March 2024 ordering, among others:-
1.There be a declaration that a trust subsists between Our Company and its clients in respect of the unclaimed trust assets;
2. Our Company may deposit the cash portion of the unclaimed trust assets directly into Court;
3. In respect of the securities portion of the unclaimed trust assets, Our Company may (i) realize the saleable shares in the securities portion and deposit the proceeds into court, and (ii) be at liberty to deal with the unsaleable shares in the securities portion as Our Company sees fit, including the forfeiture thereof;
4. Upon Publication of this notice and mailing of this notice to call clients, Our Company is not required to send any Notice of Lodgement.
Dated this 14th day of March 2024
GLS Securities Limited
___________________________________________________________
佳隆證券有限公司
停業通知
佳隆證券有限公司正式通知我們的客戶，佳隆證券有限公司將於今年 4 月 14 日終止所有證券交易服務。由於近期證券交易業務競爭激烈，佳隆證券有限公司董事會（“董事會”）決定停止營業。
以下是由3月13日至4月14日的服務安排：
而由3月13日起，對於持有股票的客戶，您可以通過填寫我們的股票提取表格（附於本函）來發出 SI 或 ISI 提取指令轉至另一家證券行或中央結算內的私人投資者戶口。 佳隆證券有限公司將免除我們和香港交易所收取的股票提取費用，但客戶必須支付接收經紀商收取的費用。如果客戶選擇提取股票現貨，我們會從你收取提取費用以及港交所的費用, 而您的股票將由您本人從我們的辦公室領取。而客戶賬戶內有持有現金的客戶，請填寫我們的現金提取表格, 我們收到指示後會直接存入客戶的指定銀行戶口。對於 4 月 14 日未提取的證券，佳隆證券有限公司將採取以下行動：
如果佳隆證券有限公司未能收到客戶指示提取資產或 SI 到其他服務提供商，其所持有的證劵有機會根據“受託人條例”向法院申請存放相關資產。屆時，客戶可能需要花費額外的時間和金錢向法院申請取回資產。
任何佳隆證券有限公司客戶如對以上資料有任何疑問，可電郵至contact@gls.com.hk或致電90299044與我們聯絡。
GLS Securities Limited
Notice of Business Closure
GLS Securities Limited formally informs our clients that GLS Securities Limited will terminate all securities trading services on 14 April this year. Owing to the securities trading business competitive these days, the Board of Directors (the “Board”) of GLS Securities Limited has decided to close our business. The following describes the service arrangements from 13 March to 14 April:
Starting from 13 March, For clients with stock portfolios, you may place SI or ISI withdrawal instructions by filling our withdrawal form (Attached with this letter). GLS Securities Limited will waive our withdrawal fees collected by us and HKEX, but clients have to pay for the fees charged by the receiving brokers. If the client chooses scrip withdrawal, our withdrawal fee and HKEX fees are payable by you . Your share certificate will be collected by you from our office. Clients with cash at your own accounts need to fill out our cash withdrawal form (Attached with this Email) to have your money deposited back to your bank account.
For securities that are not withdrawn on 14 April, GLS Securities Limited will take the following actions:
If GLS Securities Limited fails to receive instructions from our customers to dispose of assets or SI to other service providers, it has the opportunity to apply for deposit of the relevant assets with the court in accordance with the "Trustee Ordinance". At that time, customers may need to spend extra time and money to apply to the court to get back the assets.
If any GLS Securities Limited client has any query about the above information, you can seek our help by email to contact@gls.com.hk or contact us at 90299044
通告 (3月14日在星島日報刊登)
DCMP 2779/2023
香港特別行政區
區域法院
雜項案件2023年第2779號
_______________________
有關 佳隆證券有限公司 GLS SECURITIES LIMITED（「本公司」）
和
有關地方法院規則（第 336H 章）第 92 號命令
和
有關《受託人條例》（第 29 章）第 56 及 62 條
________________________
根據香港區域法院在2024年3月7日作出的判令，法院判定（包括）：
1.本公司與本公司客戶在未領取的信託資產存在信託人關係；
2. 本公司將剩餘之未有領取的現金部份存入法庭;
3. 本公司 (i) 可將客戶未有領取的證券部份出售並將收益存入法庭,以及 (ii) 可以按照本公司認為合適的方法處理未能出售的證券部份，包括沒收該等證券;
4.在刊登本通告及向客戶郵遞本通告後，本公司無需再向客戶送達交存通知書;
日期: 2024年3月14日
佳隆證券有限公司
NOTICE (Published in The Standard 英文虎報 on March 14, 2024)
DCMP 2779/2023
IN THE DISTRICT COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION MISCELLANEOUS PROCEEDINGS NO. 2779 OF 2023
_______________________
IN THE MATTER OF GLS SECURITIES LIMITED 佳隆證券有限公司 (“Our Company”)
and
IN THE MATTER OF ORDER 92 OF THE RULES OF THE DISTRICT COURT (CAP 336H)
and
IN THE MATTER OF SECTIONS 56(1) AND 62 OF THE TRUSTEE ORDINANCE (CAP 29)
________________________
The Court has made an order on 7th March 2024 ordering, among others:-
1.There be a declaration that a trust subsists between Our Company and its clients in respect of the unclaimed trust assets;
2. Our Company may deposit the cash portion of the unclaimed trust assets directly into Court;
3. In respect of the securities portion of the unclaimed trust assets, Our Company may (i) realize the saleable shares in the securities portion and deposit the proceeds into court, and (ii) be at liberty to deal with the unsaleable shares in the securities portion as Our Company sees fit, including the forfeiture thereof;
4. Upon Publication of this notice and mailing of this notice to call clients, Our Company is not required to send any Notice of Lodgement.
Dated this 14th day of March 2024
GLS Securities Limited
___________________________________________________________
佳隆證券有限公司
停業通知
佳隆證券有限公司正式通知我們的客戶，佳隆證券有限公司將於今年 4 月 14 日終止所有證券交易服務。由於近期證券交易業務競爭激烈，佳隆證券有限公司董事會（“董事會”）決定停止營業。
以下是由3月13日至4月14日的服務安排：
而由3月13日起，對於持有股票的客戶，您可以通過填寫我們的股票提取表格（附於本函）來發出 SI 或 ISI 提取指令轉至另一家證券行或中央結算內的私人投資者戶口。 佳隆證券有限公司將免除我們和香港交易所收取的股票提取費用，但客戶必須支付接收經紀商收取的費用。如果客戶選擇提取股票現貨，我們會從你收取提取費用以及港交所的費用, 而您的股票將由您本人從我們的辦公室領取。而客戶賬戶內有持有現金的客戶，請填寫我們的現金提取表格, 我們收到指示後會直接存入客戶的指定銀行戶口。對於 4 月 14 日未提取的證券，佳隆證券有限公司將採取以下行動：
如果佳隆證券有限公司未能收到客戶指示提取資產或 SI 到其他服務提供商，其所持有的證劵有機會根據“受託人條例”向法院申請存放相關資產。屆時，客戶可能需要花費額外的時間和金錢向法院申請取回資產。
任何佳隆證券有限公司客戶如對以上資料有任何疑問，可電郵至contact@gls.com.hk或致電90299044與我們聯絡。
GLS Securities Limited
Notice of Business Closure
GLS Securities Limited formally informs our clients that GLS Securities Limited will terminate all securities trading services on 14 April this year. Owing to the securities trading business competitive these days, the Board of Directors (the “Board”) of GLS Securities Limited has decided to close our business. The following describes the service arrangements from 13 March to 14 April:
Starting from 13 March, For clients with stock portfolios, you may place SI or ISI withdrawal instructions by filling our withdrawal form (Attached with this letter). GLS Securities Limited will waive our withdrawal fees collected by us and HKEX, but clients have to pay for the fees charged by the receiving brokers. If the client chooses scrip withdrawal, our withdrawal fee and HKEX fees are payable by you . Your share certificate will be collected by you from our office. Clients with cash at your own accounts need to fill out our cash withdrawal form (Attached with this Email) to have your money deposited back to your bank account.
For securities that are not withdrawn on 14 April, GLS Securities Limited will take the following actions:
If GLS Securities Limited fails to receive instructions from our customers to dispose of assets or SI to other service providers, it has the opportunity to apply for deposit of the relevant assets with the court in accordance with the "Trustee Ordinance". At that time, customers may need to spend extra time and money to apply to the court to get back the assets.
If any GLS Securities Limited client has any query about the above information, you can seek our help by email to contact@gls.com.hk or contact us at 90299044
