Singapore, Apr 8, 2011 – (ACN Newswire) – This morning, SGX was informed that the Australian Treasurer has made a statement that he has rejected the proposed merger of ASX and SGX.
In these circumstances, the parties have agreed to mutually terminate the Merger Implementation Agreement entered into on 25 October 2010.
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. As Asia’s most international exchange, 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
Carolyn Lim Communications Singapore Exchange (SGX) T +65 6236 8139 M +65 9171 6648 E [email protected]