Asset Acquisitions and Disposals::Incorporation of an Indirect Wholly-Owned Subsidiary

Issuer & Securities

Announcement Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 22-Aug-2016 20:08:40
Status: New
Announcement Sub Title: Incorporation of an Indirect Wholly-Owned Subsidiary
Announcement Reference: SG160822OTHRHIPT
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 AN INDIRECT WHOLLY-OWNED SUBSIDIARY

Pursuant to Rule 704(17) of the SGX-ST Listing Manual, Singapore Exchange Limited ("Company") wishes to announce that its wholly-owned subsidiary, Asian Gateway Investments Pte. Ltd, has incorporated a wholly-owned subsidiary in Singapore ("New Entity") for the acquisition of the issued ordinary share capital of The Baltic Exchange Limited. Details of the New Entity are as follows:-

Name of New Entity: SGX Baltic Investments Pte. Ltd.
Issued and Paid-Up Capital: S$2.00 comprising 2 ordinary shares
Principal Activity: Investment holding

The incorporation of the New Entity is funded by internal resources and is not expected to have any material impact on the Company's earnings per share and net tangible assets per share for the financial year ending 30 June 2017.

None of the directors of the Company has any interest, direct or indirect, in the incorporation of the New Entity.

Issued By:
Singapore Exchange Limited