SGX open to M&As, but wary of high prices
On dual-class shares, directors at AGM suggest no hurry for decision
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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 need to build this organically, but we will also acquire if we can accelerate our business. And obviously, as you all know I can't share on what are the things we are evaluating, but clearly we want to accelerate those areas."
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