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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.
Contact:
Singapore Exchange (SGX)
Carolyn Lim
Communications
T +65 6236 8139
M +65 9171 6648
E carolyn.lim@sgx.com
Topic: General Announcement
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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