Singapore, Apr 5, 2011 – (ACN Newswire) – Singapore Exchange (SGX) has today been notified by the Foreign Investment Review Board that the Australian Treasurer is disposed to reject the proposed merger between ASX and SGX as contrary to Australia’s national interest.
SGX has been invited to provide further comments to the Foreign Investment Review Board and will consider appropriate responses.
Asia will remain the world’s growth engine in the coming decades. SGX, as the Asian Gateway, is well-positioned to leverage on opportunities within Asia’s vibrant and dynamic economies. We will continue to pursue organic as well as other strategic growth opportunities, including further dialogue with ASX on other forms of co-operation.
AboutSingapore Exchange (SGX)
Singapore Exchange (SGX) is among the world’s largest exchanges and Asia’s second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia’s vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX’s extensive suite of securities, derivatives and commodities products makes it Asia’s most international exchange. SGX’s services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region’s longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. For more information, please visit www.sgx.com
Singapore Exchange (SGX) Carolyn Lim Communications T +65 6236 8139 M +65 9171 6648 E [email protected]