TSE chief Atsushi Saito fears isolation of the Tokyo Stock Exchange as a result of the takeover. Revision of takeover proposal SGX revised its initial takeover proposal in an attempt to overcome some of the opposition to the plans. This would have decreased the number of Singaporean citizens on the board of the combined company and would have given addition seats to Australians. Rejection of merger However, on 8 April 2011, the Treasurer of Australia, Wayne Swan, made the decision to block the merger between the two exchanges. Upon the announcement that the federal government would block the merger, SGX retracted its bid for ASX shares and decided to seek growth opportunities elsewhere. Cooperation and merger talks with LSE As of July 2012, SGX was in merger talks with the London Stock Exchange (LSE) and the two exchanges already signed a cross trading agreement. However, on 20 July, SGX said there are no plans for a takeover of or merger with LSE. Companies listed on Singapore Exchange As of February 2022, there were 672 listed companies (excluding GDRs, Hedge Funds and Debt Securities) on the Singapore Exchange with a market capitalisation of SGD 899,124 million (roughly US$700 million). Major shareholders The following is a listing of the shareholders of Singapore Exchange Ltd holding at least 5 percent as of 3 August 2015: SEL Holdings Pte Ltd – 23.66% Note: Nominees service companies were excluded See also List of stock exchanges in the Commonwealth of Nations References Further reading External links Annual Report 2009 : Association of Dutch Businessmen (This info should be incorporated into the article) 1999 establishments in Singapore Financial services companies established in 1999 Economy of Singapore Stock exchanges in Singapore Companies listed on the Singapore Exchange Singaporean companies established in 1999 Stock exchanges in Southeast Asia Singaporean brands Financial regulatory authorities of Singapore