Singapore, Apr 7, 2011 – (ACN Newswire) – Singapore Exchange Limited (“SGX”) refers to the announcement on 5 April 2011 concerning the notification by the Foreign Investment Review Board (“FIRB”) that the Australian Treasurer is disposed to reject the proposed merger of SGX and ASX Limited (“ASX”) as contrary to Australia’s national interest.
In response to the FIRB’s invitation to provide further comments, and following discussions with the FIRB, SGX has today provided further written responses to the FIRB in connection to the ASX-SGX merger proposal. SGX has not amended the terms of the proposed merger.
SGX and ASX maintain their belief that the merger proposal would result in significant benefits for Australia and Singapore, market users and the shareholders of SGX and ASX.
SGX will make market announcements and update shareholders, as appropriate.
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
Joan Lew Asst Vice President, Communications Singapore Exchange Direct: +65 6236 8658 Fax: +65 65572651