Singapore Exchange's primary focus will be on building its existing business following the rejection of a planned merger with Australia's ASX , its chief executive Magnus Bocker said on Monday. "The primary focus has been all the time on organic growth," Bocker told reporters in his first public appearance after Australia rejected SGX's $8 billion bid for ASX Ltd last week. The Australian government said changes to the country's financial systems were needed before foreigners could buy the bourse. Bocker said he was disappointed with the decision and SGX will take time to analyse it.
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