Change - Change in Corporate Information::Capital Injection into SGX Bond Trading Pte. Ltd.

Issuer

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED

Announcement Details

Announcement Title
Change - Change in Corporate Information
Date &Time of Broadcast
21-Jun-2019 17:28:39
Status
New
Announcement Sub Title
Capital Injection into SGX Bond Trading Pte. Ltd.
Announcement Reference
SG190621OTHRI1AS
Submitted By (Co./ Ind. Name)
Ding Hui Yun
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that the Company has increased its investment in its wholly-owned subsidiary, SGX Bond Trading Pte. Ltd. ("SGX-BT"), by increasing the share capital of SGX-BT from S$55,000,000 to S$60,000,000 through the issue and allotment of 5,000,000 ordinary shares of S$1.00 each to the Company, for an aggregate consideration of S$5,000,000, which was satisfied by the Company in cash ("Capital Injection").

Following the Capital Injection, the Company continues to hold 100% of the entire issued and paid-up share capital of SGX-BT. The Capital Injection in SGX-BT will be used to fund the ongoing capital investments and operations and signals SGX's commitment to the success of SGX-BT's OTC Trading Platform for Asian Bonds (SGX Bond Pro) and enable SGX-BT to meet MAS regulatory capital requirements for the operation of SGX-BT as a licensed Recognised Market Operator.

The Capital Injection was funded by internal resources and will not have any impact on the earnings per share and net tangible asset value per share of the Company and the Group for the current financial year.



Issued By:
Singapore Exchange Limited

Place Of Incorporation

Existing
Singapore
New

Registered Address

Existing
New

Attachments