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Hong Kong Stock Exchange Proposal for Merger with London Stock Exchange | NHK News

2019-09-11T16:11:06.212Z

On the 11th, the Hong Kong stock exchange revealed to the London Stock Exchange in the UK that it was proposing a merger. If the merger is realized ...


Hong Kong Stock Exchange London Stock Exchange Proposal for Merger September 12th 1:05

On the 11th, the Hong Kong stock exchange revealed to the London Stock Exchange in the UK that it was proposing a merger. The merger will create one of the world's leading stock exchange groups across Asia and Europe.

On the 11th of the Hong Kong Stock Exchange, it announced that it had proposed a merger in the form of buying shares of the London Stock Exchange Group in the UK.

The amount of shares to be acquired is estimated to be approximately £ 29.6 billion, or JPY3.9 trillion in Japanese yen, and the funds will be financed by issuing cash and new shares. The merger will create one of the world's leading stock exchange groups across Asia and Europe.

Global exchanges are becoming increasingly competitive due to speeding up of the trading system, and it seems that there is an aim to increase investment efficiency and increase competitiveness by expanding the scale through mergers.

The Hong Kong Stock Exchange said, “We believe that the merger will be a win-win strategic opportunity for each other. Both are the largest and important financial centers in Asia and Europe. I want to show that it is profitable for both. "

Source: nhk

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