The Singapore Exchange (SGX) could be interested in putting its $395m war chest to use in M&A deals in foreign exchange, fixed income, index businesses and market data, according to CIMB analyst Jessalynn Chen. "With a war chest of S$395m and room to gear up/raise funds, we think SGX could look for large M&As. In a note on Monday, she said the SGX was looking at buying up companies that are “likely to have strong growth prospects” such as exchange-traded funds (ETFs) or commodity
The Singapore Exchange (SGX) could be interested in putting its $395m war chest to use in M&A deals in foreign exchange, fixed income, index businesses and market data, according to CIMB analyst Jessalynn Chen. In a note on Monday, she said the SGX was looking at buying up companies that are “likely to have strong growth prospects” such as exchange-traded funds (ETFs) or commodity