Hong Kong Stock Exchange Chairman Smellen: Merger is a major strategic opportunity

category:Finance
 Hong Kong Stock Exchange Chairman Smellen: Merger is a major strategic opportunity


As for the reasons for the proposed transaction, HKEx points out that both LX and HKEx are the financial infrastructure of the worlds most important markets, and strong cooperation between them can unleash unique potential, tap business opportunities and promote global capital and data flows. The proposed merger will not only enhance their respective businesses, promote cross-market and cross-regional innovation, but also provide market participants and investors with an unprecedented platform for global market interconnection.

The HKEx believes that the proposed transaction will have a significant synergistic effect, especially in introducing the technology of the HKEx into the trading and settlement platform of the HKEx, increasing cross-selling and exploring innovative opportunities to enhance major business income, and reducing capital expenditure related to the existing system and future investment plans of the HKEx. As a shareholder of the merged group, the shareholders of the LX will benefit from the realization of these synergies.

The merger of the HKEx and the Renewal Stock Exchange will reorient the development of global financial markets in the coming decades, said Lee Xiaoga, chief executive of the HKEx. Both businesses have excellent brand, strong financial strength and good growth record. After the merger, we will open up the eastern and Western markets, diversify our business, and provide customers with more innovative capabilities, risk management and trading opportunities. The combined group will benefit from a dynamic and volatile global macroeconomic environment, while enhancing the long-term resilience and importance of London and Hong Kong as global financial centres. It should be noted that the Hong Kong Stock Exchange plans to list its shares in the second place on the London Stock Exchange when the proposed transaction is completed. According to the terms of the proposed transaction, the shareholders of the HKEx will receive 2045 pence in cash and 2.495 new shares of the HKEx. Source: Daily Economic News Responsible Editor: Yang Bin_NF4368

The merger of the HKEx and the Renewal Stock Exchange will reorient the development of global financial markets in the coming decades, said Lee Xiaoga, chief executive of the HKEx. Both businesses have excellent brand, strong financial strength and good growth record. After the merger, we will open up the eastern and Western markets, diversify our business, and provide customers with more innovative capabilities, risk management and trading opportunities. The combined group will benefit from a dynamic and volatile global macroeconomic environment, while enhancing the long-term resilience and importance of London and Hong Kong as global financial centres.

It should be noted that the Hong Kong Stock Exchange plans to list its shares in the second place on the London Stock Exchange when the proposed transaction is completed. According to the terms of the proposed transaction, the shareholders of the HKEx will receive 2045 pence in cash and 2.495 new shares of the HKEx.