Asset Acquisitions and Disposals::Incorporation Of A Joint Venture Company

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
29-Jan-2019 18:01:30
Status
New
Announcement Sub Title
Incorporation Of A Joint Venture Company
Announcement Reference
SG190129OTHROAIU
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 JOINT VENTURE COMPANY

Singapore Exchange Limited (SGX) refers to the previous announcement of 19 November 2018 titled "Joint Venture between Singapore Exchange Limited and Shanghai Ganglian E-Commerce Holdings Co., Ltd" and wishes to announce that its wholly-owned subsidiary, Asian Gateway Investments Pte. Ltd. (AGI), together with Shanghai Ganglian E-Commerce Holdings Co., Ltd (SGEH), have incorporated the joint venture company (JV Co) in Singapore. Details of the JV Co are as follows:-

Name of JV Co: SGX MySteel Index Company Private Limited (SMI)
Issued Share Capital: S$200,000 comprising 200,000 unpaid ordinary shares
The share capital of SMI will be fully paid up by AGI and SGEH in due course.
Shareholding: 50% held by AGI, 50% held by SGEH
Principal Activity: Creation of indices to measure the normalised prices of iron ore, steel and other ferrous metals (JV Indices). The JV Indices will be licenced for data distribution, research and analysis, and the creation of derivative products.

The incorporation of SMI 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.

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

Issued By:
Singapore Exchange Limited