Yesterday when I was reading the news on my iPhone, this news caught my attention and I think it might be interesting for me to blog. Our own Singapore Exchange agreed a $8.3 billion takeover of Australian's ASX Ltd., which is the second-biggest overseas takeover by a Singapore-listed company after Singapore Telecommunications bought Australia's Optus Ltd in 2001 for $8.4 billion. The reason for the takeover is that they will be able to compete with rival centres such as Hong Kong and Shanghai as it is difficult for them to rely on domestic market to grow.
After the news, both SGX and ASX shares fell, reason I believe is the political hurdle in the takeover. Is the takeover a good thing or a bad thing?
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