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Shareholders clear Singapore Exchange listing
AGENCE FRANCE PRESSE
SingaporeŽSingapore Exchange Ltd. (SGX) said shareholders on Wednesday approved changes to its articles of association and a capital restructuring exercise, clearing the way for public listing on its own exchange by the year's end.At an extraordinary general meeting, shareholders approved resolutions on changes in the articles and the capital restructuring as well as three others concerning share options to employees, SGX said in a statement."The changes were necessary in order to allow SGX to comply with the requirements for listed companies in Singapore and to put in place an appropriate capital structure prior to a planned placement and listing before the end of the year," the statement said. SGX Chief executive Thomas Kloet described Wednesday's approval as a "vote of confidence from our shareholders, and enables SGX to move ahead with our plans to broaden our shareholder base." Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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