SGX won't give up on ASX Merger

Door still slightly open as SGX responding in writing to the provisional 'no' from Australian Treasurer Wayne Swan.

In a statement released Thursday, the SGX said in response to the FIRB’s invitation to provide further comments, and following discussions with the FIRB, SGX has today provided further written responses to the FIRB in connection to the ASX-SGX merger proposal. "SGX has not amended the terms of the proposed merger. SGX and ASX maintain their belief that the merger proposal would result in significant benefits for Australia and Singapore, market users and the shareholders of SGX and ASX. SGX will make market announcements and update shareholders, as appropriate," SGX added.