SGX ends ASX merger hope

It's over for a disappointed SGX and many investors as Labor Aussie Treasurer officially rejects merger deal.

In a statement from the SGX, it said that: " This morning, SGX was informed that the Australian Treasurer has made a statement that he has rejected the proposed merger of ASX and SGX. In these circumstances, the parties have agreed to mutually terminate the Merger Implementation Agreement entered into on 25 October 2010. Asia’s most international exchange, we will continue to pursue organic as well as other strategic growth opportunities, including further dialogue with ASX on other forms of co-operation. "

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