SGX not in a hurry for another merger and acquisitions deal: DBS Vickers

Singapore Exchange still has enough opportunities in its existing business, DBS said.

According to DBS Vickers, SGX had sent written responses to the Foreign Investment Review Board (FIRB) about the bid. SGX has not amended the terms of the proposed merger. SGX and ASX maintain their belief that the merger proposal would result in significant benefits for Australia and Singapore, market users and the shareholders of SGX and ASX.

DBS believes regardless of the deal, SGX has ample opportunities in its existing business and is well positioned to leverage on the prospects within Asia. SGX will continue to pursue organic and other strategic growth opportunities, including further dialogue with ASX on other forms of co-operation. They do not think SGX is in a rush to pursue another M&A so soon.