SGX to tie up with SE Asian bourses

SGX to tie up with SE Asian bourses

SINGAPORE: The Singapore Exchange is looking to tie up with
more exchanges in Southeast Asia as a way of providing more
investment opportunities for investors, Channel News Asia
reported over the weekend.

Chief executive Hsieh Fu Hua said the SGX was due to seal its
tie- up with Malaysia soon.

A deal, expected by the end of next year, will see the two
markets operating as one. Hsieh made the comments on the
sidelines of the Wharton Alumni Forum in Singapore.

He said the SGX's main aim was pursuing linkages in Southeast
Asia. Through these linkages companies would not need to list on
different exchanges in order to gain access to investors, he
said. Growth in the equities market is key to Singapore remaining
a major financial center in Asia.

SGX said in January that it had signed a preliminary agreement
with Indonesia's Jakarta Stock Exchange to share information. --
DPA