Australian Treasurer Rejects ASX-SGX Merger Proposal|
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.
Joyce Fong Foong Chao
8 April 2011