Few months back, SGX made an $8.3bn takeover bid for the Australian bourse. The merger would have created the world’s fifth- largest exchange operator by the value of its shares.
SGX said it has been invited to provide further comments to the Foreign Investment Review Board and will consider appropriate responses.
SGX said it will continue to pursue organic as well as other strategic growth opportunities, including further dialogue with ASX on other forms of co-operation.
The move by Australia comes as Canada’s federal and provincial regulators weigh whether to approve a proposed merger of the Toronto Stock Exchange and the London Stock Exchange.
