The transaction will be subject to various conditions precedent including:
? approval from the Treasurer of the Commonwealth of Australia under Australia's foreign
investment rules;
? regulatory approval from the Australian Securities and Investments Commission (?ASIC?)
as well as the necessary approval under the Corporations Act (or amendments to the Act),
to allow an acquisition by SGX of more than 15 percent of the shares in ASX;
? regulatory approval from the Monetary Authority of Singapore;
? approvals by ASX and SGX shareholders;
? court approval for the Scheme;
? SGX being admitted to ASX and its shares being approved for official quotation on ASX;
and
? other customary terms.
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