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Asia Sentinel
Singapore's ASX Buy May Be Off

Singapore's ASX Buy May Be Off

Our Correspondent
Nov 02, 2010
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Asia Sentinel
Asia Sentinel
Singapore's ASX Buy May Be Off
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A combination of narrow Australian nationalism, reasonable suspicion of Singapore's statist system and revolt by the non-government shareholders in the Singapore Stock Exchange (SGX) may yet kill its US$8.3 billion offer for the Australian Stock Exchange (ASX).

But the offered price reveals much about Singapore's trophy-hunting mentality, and that of the…

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