Japan Exchange Group to sell its 4.95% stake in SGX
Add BT as a preferred source
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
JAPAN Exchange Group (JPX) said on Friday that it will sell its 4.95 per cent stake in Singapore Exchange (SGX) progressively over a period of about three years.
The introduction of Japan's Corporate Governance Code in 2015 requires listed companies in Japan to examine and explain the economic rationale and future outlook of holding shares of other listed companies for reasons other than pure investment purposes, JPX said.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
