SGX Group (SGX:S68) divested its subsidiary, Scientific Beta, to STOXX as part of its active portfolio management and capital allocation, according to a Wednesday bourse filing.
Financial details of the transaction were not disclosed.
The transaction enables the company to redeploy resources towards areas essential for its securities, derivatives and data businesses.
The agreement positions Scientific Beta for its next phase of growth and enables its global reach.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments