The companies, which both entered trading halts earlier today, added that all physical assets required for the operation of ASX Group businesses would continue to be developed and operated in Australia.
In order to get the deal to create the world's fifth-largest exchange across the line, the companies have promised an equal number of Australian and Singaporean directors on the board, as well maintaing its operations, assets and key staff in Australia, and investing in and introducing new products and services in Australia. Full story
Related:
ASX, SGX to have equal directors in merged group in revised deal - Reuters
ASX, SGX move towards merger of equals - The Sydney Morning Herald
ASX, Singapore Exchange Agree Change to Board in Merger Proposal - BusinessWeek
SGX, ASX Reach Deal on Board Split in Merged Entity - MarketWatch
ASX, SGX agree to same number of directors - The Sydney Morning Herald
Singapore and Australian Exchanges Modify Deal - NYTimes.com
Singapore and Australian Exchanges Inch Closer to Merger - Seeking Alpha
Singapore 'sweetens' ASX merger bid - ABC Radio Australia
SGX-ASX merger plan revamped - Malaysia Star
SGX, ASX revamp exchange merger proposal - Xinhua
