SGX & ASX
SGX pays S$8.4B bid to take over ASX, but strong opposition among Aussie lawmakers that the national asset is falling into foreign hands.
Temasek Holdings acknowledges that it is a non-voting trustee of SEL Holdings which Temasek described as a special purpose entity which holds a 23.5% stake in SGX. SEL is not premitted to exercise or control the exercise of votes attached to the SGX share and therefore, cannot vote in any shareholder vote on the ASX-SGX proposal.
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