Friday, April 8, 2011
SGX ends bid for ASX
Malaysia Star, 9 Apr 2011SINGAPORE: Singapore Exchange Ltd (SGX) has terminated its US$8bil bid for Australia's ASX Ltd after the Australian government formally rejected the offer on national interest grounds and said changes to the country's financial systems were needed before the bourse could be bought by foreigners.It was the first time the Australia government has rejected a major foreign