SGX responds to Firb nixing of ASX deal
07 April 2011 | 2766 views | 0
Source: Singapore Stock Exchange
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.