Asset Acquisitions and Disposals::Incorporation Of A Wholly-Owned Subsidiary

Issuer & Securities

Announcement Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 06-Apr-2017 17:10:20
Status: New
Announcement Sub Title: Incorporation Of A Wholly-Owned Subsidiary
Announcement Reference: SG170406OTHRDL4H
Submitted By (Co./ Ind. Name): Ding Hui Yun
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY

Singapore Exchange Limited (SGX) wishes to announce that SGX has incorporated a wholly-owned subsidiary in Singapore (Subsidiary). Details of the Subsidiary are as follows:-

Name: Singapore Exchange Regulation Pte. Ltd. (SGX RegCo)
Issued and Paid-Up Capital: S$1.00 comprising 1 ordinary share, to be increased to S$10,000,000 comprising 10,000,000 ordinary shares by August 2017
Principal Activity: Undertaking the front-line regulatory functions SGX currently performs

The incorporation of SGX RegCo is funded by internal resources and is not expected to have any material impact on the earnings per share and net tangible asset value per share of SGX for the current financial year.

SGX RegCo will have an issued and paid-up capital of S$10 million by the time it becomes operational in August 2017. SGX will make further announcements on SGX RegCo in due course.

None of the Directors of SGX has any interest, direct or indirect, in the above.

Issued By:
Singapore Exchange Limited