SGX eyes Asian dual listings with Philippine Stock Exchange
SINGAPORE bourse operator SGX Group said on Thursday it has signed an agreement with the Philippine Stock Exchange to explore a range...
Singapore exchange operator SGX Group and the Philippine Stock Exchange have entered into an agreement to explore various offerings, including depository receipts, ETFs, and derivatives. The collaboration aims to address the low investor interest in US stocks listed on the Singapore Depository Receipts programme, which has kept volumes extremely low due to competing products and cautious investors.
SGX Group's CEO, Loh Boon Chye, believes that closer market ties can make this opportunity more accessible and provide companies with more avenues to raise capital and reach investors across the region. Currently, the exchange operator already provides depository receipts for Thai, Hong Kong, and Indonesian stocks.
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Also reported by 1 other outlet
- SGX eyes Asian dual listings with Philippine Stock Exchange straitstimes.com
