Tokyo Stock Exchange takes a stake in SGX

The Tokyo bourse pays $342 million to acquire just under 5% of Singapore Exchange making it the largest private shareholder in the SGX.

In an intra-Asia stock exchange consolidation, the Tokyo Stock Exchange TSE has acquired a stake of almost 5% in the Singapore Exchange.

TSE bought 53 million shares in Singapore Exchange Limited SGX, representing 4.99% of its capital for about S$528 million $342 million based on the closing price of the Singapore Exchange of S$9.95 on June 15. The shares had gained 1.5% during the course of the day.

TSE is now the largest private shareholder in the SGX....

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition