2011年4月19日星期二

SGX profits hit by failed ASX bid

19 April 2011 last updated at 02: 24 GMT SGX at nasdaq in New york Singapore Exchange says it is still growth followed Singapore's stock exchange (SGX) is one of the largest bourses of Asia, 10% saw gains after the costs for the stock exchange buy failed attempt, Australia's ASX fall.

SGX's result was S$ 67 million ($54 m; £ 33 m) between January and March, compared with S$ 74. 6 m a year earlier.

The offer for Australian Stock Exchange SGX costs S$ 12 m.

Australia's Government rejected the $8 billion (€ 5bn) Imperative public interest reasons.

The Singapore Exchange income 10% increased to S$ 169 m.

"SGX generated strong operating results in the third quarter amid global market uncertainty," said Chief Executive Magnus Bocker.

Growth avenues

SGX finished with ASX Australian Treasurer Wayne Swan rejection on 8 April 2011 to merge its proposal.

But is the Singapore Bourse still looking to expand.

"We bio and other strategic growth opportunities follow," said Mr Bocker in the report.


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