The softly-softly strategy may make it hard for SGX to catch up with other Asia-Pacific players, especially Hong Kong Exchanges & Clearing Ltd., which has a market capitalisation about six times larger than its Singapore rival.
SINGAPORE: As global bourses come to terms with the failure of the latest mega-merger, Singapore Exchange Ltd. is sticking to its incremental approach.
SGX, which tried to buy ASX Ltd. in a deal rejected by the Australian government in 2011, still wants to strike deals, though another blockbuster expedition is unlikely. Instead, it’s eyeing potential acquisitions in financial technology as well as of firms that complement existing capabilities, according to its recently appointed equities head.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
