Aussie Treasurer expects to reject SGX/ASX merger

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 Boardand 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.

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