This is not SGX's first joint venture-related announcement this year. On 22 January, it announced a joint venture with Temasek to set up the Asia-Pacific’s first exchange-led digital asset venture focused on capital markets workflows through smart contracts, ledger and tokenisation technologies.
“If completed, we do not expect the transaction to have a material impact in the current financial year on SGX’s financial results,” Ding assures markets in a company announcement on 1 February. She assures investors that SGX will promptly make all appropriate public disclosures should any material developments take place.
As of 4.28pm, SGX is currently trading at $9.90 with a P/E ratio of 21.36 and dividend yield of 3.18%.
