Exchange, list thyself!

The SGX plans a simultaneous placement and IPO of its shares. Brokers grumble.

The Singapore Exchange SGX has announced plans to do a combined private placement and initial public offer of its shares before the end of the year. The company has called an extraordinary general meeting of its shareholders for November 1 to vote on the plan. 

The plan calls for changes to be made to the SGX's articles of association to comply with the requirements for listed companies in Singapore. Shareholders will also vote to approve a capital restructuring that will consist of a 1001 split of the share capital as well as a rights issue of shares to existing shareholders.

The move is the final step in...

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