Published On: Sun, Aug 25th, 2013

PSE Signs MOA extension with SGX, BAP

PSE President and CEO Mr Hans B. Sicat

PSE President and CEO Mr Hans B. Sicat

The Philippine Stock Exchange (PSE) signed separate Memorandum of Agreements (MOAs) with the Singapore Exchange Limited (SGX) and the Bankers Association of the Philippines (BAP) to extend the terms of an initial agreement to November 30, 2013 from August 18, 2013.

The first set of MOAs cover the preparatory steps to be taken by the parties in relation to the proposed acquisition by the PSE of the shareholdings of both the SGX and BAP in the Philippine Dealing Systems Holdings Corporation (PDS).

“We have been working closely with BAP and SGX since we signed the original agreement. I am optimistic that the extension gives us enough time to close the discussions,” said PSE President and CEO Hans B. Sicat.

The PDS operates the securities depository and fixed income exchange in the Philippines.

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