SGX open to M&As, but wary of high prices

Singapore

SINGAPORE Exchange (SGX) is on the lookout for opportunities to grow its business through mergers and acquisitions (M&As), but it is also wary of rich valuations at the moment, directors said at the market operator and regulator's annual general meeting on Thursday.

"This cycle, we need to be very conscious of valuation," SGX chief executive Loh Boon Chye told reporters after the meeting. "I've been quite consistent in saying we n…