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Singapore Exchange Ltd (SGXL.SI)

SGXL.SI on Stock Exchange of Singapore

7.73SGD
25 Aug 2016
Change (% chg)

$0.03 (+0.39%)
Prev Close
$7.70
Open
$7.70
Day's High
$7.73
Day's Low
$7.69
Volume
606,400
Avg. Vol
1,785,076
52-wk High
$8.05
52-wk Low
$6.61

Latest Key Developments (Source: Significant Developments)

Singapore Exchange says Co,SGX Baltic Investments,Baltic Exchange enters implementation agreement
Monday, 22 Aug 2016 

Singapore Exchange Ltd : Proposed acquisition of the entire issued ordinary share capital of the Baltic Exchange . SGX, SGX Baltic Investments Pte. Ltd. (SBI) and the Baltic Exchange Limited have entered into implementation agreement . Says the Baltic Exchange expects the number of members to remain stable for the current financial year . Says acquisition is not expected to have a material impact on the financial position of the sgx for the current financial year . Members of the Baltic Exchange will nominate from among themselves eight (8) representatives on the Baltic Exchange Council . 100% of issued ordinary share capital of the Baltic Exchange will be acquired by SBI . Under the terms of the proposed acquisition, SGX and/or SBI will maintain the Baltic Exchange's headquarters in St Mary Axe, London . SGX and/or SBI will maintain the existing multiple clearing house model . SGX and/or SBI will maintain the Baltic Exchange's membership subscription fees and end user data fees at current levels for at least five (5) years . Baltic shareholders will be entitled to receive £160.41 in cash (cash price) per baltic share . Baltic shareholders will be entitled to receive £19.30 in cash as a final dividend (special dividend) per baltic share . SGX has received irrevocable undertakings from Baltic shareholders representing about 74% of Baltic shares to vote in favour of the proposed acquisition.  Full Article

Singapore Exchange says unit incorporated a wholly-owned subsidiary in Singapore
Monday, 22 Aug 2016 

Singapore Exchange Ltd : Incorporation of an indirect wholly-owned subsidiary) . Asian gateway investments pte. ltd, has incorporated a wholly-owned subsidiary in Singapore . Incorporation for the acquisition of the issued ordinary share capital of the Baltic Exchange Limited . Incorporation not expected to have any material impact on co's earnings per share and net tangible assets per share . Says name of new entity is SGX Baltic Investments Pte. Ltd .  Full Article

Singapore Exchange announces market statistics for July 2016
Monday, 8 Aug 2016 

Singapore Exchange Ltd : Sgx reports market statistics for July 2016) . July total securities market turnover value fell 7% month on month and fell 13% year on year to s$21.0 billion . Says July sgx commodities derivatives volume was 1.3 million, up 29% month on month and up 33% year on year . Says July total derivatives volume was 12.9 million, down 40% year on year .  Full Article

Singapore Exchange updates on bid for Baltic Exchange
Thursday, 4 Aug 2016 

Singapore Exchange Ltd : Singapore Exchange Limited (news release: SGX updates on its bid for the Baltic Exchange) . Deal for represents a total consideration of GBP77.6 million . Contemplated that Baltic shareholders will also receive from Baltic Exchange, at least GBP18.80 in cash as a final dividend per Baltic share . There is no assurance that exclusivity agreement signed on 25 May will lead to a definitive agreement . Agreed with Baltic Exchange to proceed with solicitation of support from shareholders of Baltic Exchange to acquire their share capital of Baltic Exchange .  Full Article

Singapore Exchange posts 20 pct fall in fourth-quarter NPAT
Wednesday, 27 Jul 2016 

Singapore Exchange Ltd : Q4 NPAT attributable to shareholders S$76.8 million versus S$96.2 million . FY derivatives revenue increased S$29.5 million or 10% to S$325.3 million . Expect FY2017 operating expenses to be between S$420 million and S$430 million . FY2017 technology-related capital expenditure to be between S$65 million and S$70 million . Q4 operating revenue S$198.1 million versus S$215.3 million . Brexit, US presidential election and changes in interest rates, could result in market participants adopting cautious approach . FY securities trading and clearing revenue decreased S$4.3 million or 2% to S$205.0 million .On 28 June 2016, extended period of exclusive discussions with baltic exchange, discussions are on-going.  Full Article

Singapore Exchange proposes final dividend of 13 Singapore cents
Wednesday, 27 Jul 2016 

Singapore Exchange Ltd : Full yearly results) . Proposed final dividend of 13 Singapore cents .  Full Article

Singapore Exchange provides further details on market disruption
Tuesday, 19 Jul 2016 

Singapore Exchange Ltd : News release: SGX provides further details on market disruption) . Investigations found that thursday's event was caused by a disk failure and an application that did not detect the problem . Disruption was prolonged due to challenges in the orders and trade reconciliation process" . SGX detected input/output errors on a disk that runs the application to send out clearing confirmation messages to members . Proceeded to work with individual member to reconcile trade and orders status to ensure that records were accurate . Disk has been replaced on Thursday and complete health checks conducted" .  Full Article

Singapore Exchange to transfer regulation unit to subsidiary company with separate board
Monday, 18 Jul 2016 

Singapore Exchange Ltd : SGX to transfer regulation unit to subsidiary company with separate board) . Will establish a separate subsidiary company (RegCo) to undertake all the front-line regulatory functions it currently performs . Says RegCo will be governed by a Board of directors separate from that of SGX . Says establishment of RegCo will not add to the requirements of the current IPO listing process . Says SGX expects to set up RegCo by the second half of 2017 .  Full Article

Singapore Exchange shares open 0.4 percent lower after Thursday's trading halt
Friday, 15 Jul 2016 

Singapore Exchange Ltd : Shares open 0.4 percent lower after thursday's trading halt ((marius.zaharia@thomsonreuters.com;)).  Full Article

Singapore Exchange reports market statistics for June 2016
Thursday, 7 Jul 2016 

Singapore Exchange Ltd : June total securities market turnover value rose 4% month on month and fell 9% year on year to S$22.5 billion . June Total Derivatives volume was 14.1 million, up 4% month on month and down 35% year on year . June Securities Daily Average Value (SDAV) was flat month on month and fell 13% year on year to S$1.0 billion . June SGX Commodities Derivatives volume was 996,410, down 26% month on month .  Full Article