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