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SINGAPORE, Apr 8, 2011 - (ACN Newswire) - 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.
Contact:
Carolyn Lim
Communications
Singapore Exchange (SGX)
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
http://www.acnnewswire.com
From the Asia Corporate News Network
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