Ozzie block SGX "takeover? "

[Agoraphobic]

Recent news about SGX n Ozzies stock exchange merger/takeover puzzles me. Can some one explain (in layman's terms) how SGX can bid to "takeover" ozzie exchange? SGX is not even listed in the following top 18.

The following is pasted from Wiki.


Major Stock Exchanges : Year ended 31 December 2010

Rank Economy Stock Exchange Market Capitalization
(USD Billions) Trade Value
(USD Billions)
1 United States Europe NYSE Euronext 15970 19813
2 United States Europe NASDAQ OMX 4931 13439
3 Japan Tokyo Stock Exchange 3827 3787
4 United Kingdom London Stock Exchange 3613 2741
5 China Shanghai Stock Exchange 2717 4496
6 Hong Kong Hong Kong Stock Exchange 2711 1496
7 Canada Toronto Stock Exchange 2170 1368
8 India Bombay Stock Exchange 1631 258
9 India National Stock Exchange of India 1596 801
10 Brazil BM&F Bovespa 1545 868
11 Australia Australian Securities Exchange 1454 1062
12 Germany Deutsche Börse 1429 1628
13 China Shenzhen Stock Exchange 1311 3572
14 Switzerland SIX Swiss Exchange 1229 788
15 Spain BME Spanish Exchanges 1171 1360
16 South Korea Korea Exchange 1091 1607
17 Russia MICEX 0949 408
18 South Africa JSE Limited 0925 340

 

[mayliewwan]

Any surprises???? Canada's politicians are against the proposed TSX-LSE 'merger'

 

[Agoraphobic]

Thanks, but I didn't mean Oz reject merger (or takeover) - reasons are obvious.

What I meant to ask (in a simple way of thinking) is that how come small fish can eat big fish?

Cheers!

Any surprises???? Canada's politicians are against the proposed TSX-LSE 'merger'

 

[musicman]

Cos small fish has resources for a leveraged buyout of big fish? Market cap is share price x number of shares only so sgx probably has some big guns somewhere else...

Thanks, but I didn't mean Oz reject merger (or takeover) - reasons are obvious.

What I meant to ask (in a simple way of thinking) is that how come small fish can eat big fish?

Cheers!

 

[Maximilian Chua-Heng]

Recent news about SGX n Ozzies stock exchange merger/takeover puzzles me. Can some one explain (in layman's terms) how SGX can bid to "takeover" ozzie exchange? SGX is not even listed in the following top 18.

I too notice the anomaly. With the commodity boom, ASX looks in even better shape than SGX.

 

[Agoraphobic]

"Sovereign wealth fund?"

Cheers!

Cos small fish has resources for a leveraged buyout of big fish? Market cap is share price x number of shares only so sgx probably has some big guns somewhere else...

 

[Agoraphobic]

I too notice the anomaly. With the commodity boom, ASX looks in even better shape than SGX.

Yup. Oz is loaded with raw materials and is better off tying up with a manufacturing giant like China, but it was peesai who made the bid.

Cheers!

 

[neddy]

I too notice the anomaly. With the commodity boom, ASX looks in even better shape than SGX.

it is not difficult to see that SGX is an opportunist, trying to reverse its waning fortune by taking over a "star" exchange.

Singapore should do well as a gas hub for indonesia/australia gas.

 

[LeMans2011]

It is a stupid idea to even attempt to takeover ASX.
OZ is white-supremacist country and all its policies are geared towards citizens first. Something SG govt should learn.
I know Singapore Power did manage to buy over a lot of utilities installations and Optus, but these are all 2nd tier assets at an exhorbitant price. ASX is a valueble asset, not to be thrown away like Optus.