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30 May 2017 12:54 (South Africa)

Singapore bids for Australian stock exchange

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

The Singapore Stock Exchange (SGX) has bid $8.3 billion for the Australian Stock Exchange (ASX), it announced on Monday morning. If the deal gains regulatory approval in both countries, it will create the second-biggest bourse in Asia by number of companies listed, and the fourth-biggest in terms of market value of companies listed. ASX shares rose sharply after the announcement, although SGX stock fell slightly. Read more: BBC News

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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