SGX Singapore Stock Exchange

Bullish on IPOs for 2011

SINGAPORE – The Republic will continue to be a vibrant market for initial public offerings (IPOs) next year and may become even more attractive to companies seeking a listing if the proposed merger between the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX) goes through, analysts say.

The SGX has welcomed 39 new listings on its Mainboard and second board Catalist this year, raising a total of $6.4 billion, or 35 per cent higher than in the previous year, said Mr Lawrence Wong, executive vice-president and head of listings.

“We are well positioned as the listing platform of choice for companies that have a pan-Asian business or outlook, and we are optimistic of our listings prospects for 2011,” he said.

Mr Wong said the combination of SGX and ASX would diversify the product and customer base of the two exchanges, and companies seeking listings would benefit from an enlarged pool of investable funds.

SGX Singapore Stock Exchange

Mr Robson Lee, partner at private law firm Shook Lin and Bok LLP, which advises firms on how to comply with IPO rules and procedures, said a successful SGX-ASX merger could act as a catalyst for new offerings, with cross listings from companies in the two countries resulting in a bigger trading platform and higher market liquidity. The A$8.4 billion ($10.9 billion) takeover bid by SGX was recently cleared by the Australian Competition and Consumer Commission but has yet to get approval from other regulators.

It remains to be seen if next year will produce on the SGX mega issues like this year’s $3.9 billion IPO of Global Logistic Properties, the second largest here after SingTel’s listing in 1993, and the $1.2 billion IPO of Mapletree Industrial Trust (MIT).

http://www.todayonline.com/Business/EDC101228-0000103/Bullish-on-IPOs-for-2011

SGX trade winds may fly in foreign brokers

By Michelle Quah

SINGAPORE – Singapore may soon be inviting foreign brokers to participate in its securities market as members. The Singapore Exchange (SGX) has put up a consultation paper, seeking the public’s feedback to its proposal to admit foreign brokers as remote trading members.

The move comes as the Exchange draws closer to receiving approval for its proposed takeover of the Australian Stock Exchange (ASX) – with market observers noting that this latest suggestion will allow Australian brokers to trade Singapore stocks.

SGX said yesterday that it is proposing expanding membership on the securities market to foreign brokers based abroad. These brokers, who will be regarded as remote trading members, will observe their home rules and deal only for foreign investors.

SGX said the move will expand the pool of international participation, and allow foreign investors to deal into the Singapore markets with greater convenience and choice.

It said the move will increase transparency in the marketplace and allow the Exchange to supervise market participants more effectively. ‘Presently, many overseas market participants in SGX-ST already trade into our market by transacting through multiple layers of intermediaries. Therefore, there is a lack of visibility over the identity of overseas-based customers who access the Singapore markets. This inhibits our ability to supervise market access in an optimal manner,’ it said in its consultation paper.

http://business.asiaone.com/Business/News/My%2BMoney/Story/A1Story20101228-255127.html

SGX chief says ASX bid will go ahead: report
Reuters

SINGAPORE – Singapore Exchange (SGX) will try to push through its proposed $US7.8 billion ($A7.75 billion) acquisition of Australian stock exchange operator ASX despite strong opposition in Australia, SGX CEO Magnus Bocker said in an interview with the Straits Times newspaper on Tuesday.

http://www.businessspectator.com.au/bs.nsf/Article/SGX-CEO-says-will-press-ahead-with-bid-to-buy-ASX–CK275?OpenDocument&src=hp1

Singapore Exchange welcomes Oxley Holdings Limited

- Largest IPO by market capitalisation on Catalist

http://www.sgxcatalist.com/

29 October 2010 – Singapore Exchange (“SGX”) welcomes Oxley Holdings Limited (“Oxley Holdings”) that started trading on Catalist today, under the ticker symbol “5SC”.

Oxley Holdings is a lifestyle property developer specialising in residential and commercial developments. Their strategic goal is to provide home buyers with quality residential properties at competitive prices. With an estimated market capitalisation of S$570 million, the listing of Oxley Holdings brings the total number of companies listed on Catalist to 131.

Mr Ching Chiat Kwong, Executive Chairman and CEO of Oxley Holdings Limited said, “We are delighted with our successful listing on SGX. It will not only help enhance our public image, but will also enable us to tap the right capital market, to propel us into the next phase of growth. We believe it will also strengthen our already unique market position, and would like to thank everyone at SGX who have assisted us along this milestone journey.”

“We are pleased that Oxley Holdings has chosen Catalist, our board for fast growing companies, to support their business expansion. Oxley Holdings is our largest Catalist IPO to date and it adds to our cluster of real estate companies accessing international capital through Singapore Exchange, the Asian gateway,” said Mr Lawrence Wong, Executive Vice President and Head of Listings, Singapore Exchange.

Singapore Exchange Limited SGX: S68 (SGX) is an investment holding company located in Singapore  and providing different services related to securities and derivatives trading and others. [2]  SGX is a member of the World Federation of Exchanges[3]  and the Asian and Oceanian Stock Exchanges Federation[4]

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