SEHK divests: NYSE for sale again
Hong Kong, March 14, 2050:
The Hong Kong Stock Exchange (SEHK) has announced it will further de-merge and offer for sale the New York Stock Exchange - for the second time in three years.
A 2047 plan by the SEHK to divest itself of the NYSE and NASDAQ together resulted in the sale only of the NASDAQ, with insufficient interest in the NYSE from Asian buyers, to justify a sale.
SEHK Chairman, Roland Yeung, said, "We believe an Asian or Australasian buyer will be found for the NYSE this time around. Asian confidence in the American dollar is starting to return and America is still a major supplier of old economy goods and labour to Asia."
Among those now rumoured to be interested in the NYSE sale are the National Stock Exchange of India (NSE), the United Korea Stock Exchange (UKSE), and the US Government itself.
Despite US Government talk of buying back the exchange, the NYSE's recent chequered history of unsuccessful proposals of merger and acquisition doesn't inspire confidence that, in the long term, it will be able to re-establish a position in the global markets as an independent player.
Hong Kong, March 14, 2050:
The Hong Kong Stock Exchange (SEHK) has announced it will further de-merge and offer for sale the New York Stock Exchange - for the second time in three years.
A 2047 plan by the SEHK to divest itself of the NYSE and NASDAQ together resulted in the sale only of the NASDAQ, with insufficient interest in the NYSE from Asian buyers, to justify a sale.
SEHK Chairman, Roland Yeung, said, "We believe an Asian or Australasian buyer will be found for the NYSE this time around. Asian confidence in the American dollar is starting to return and America is still a major supplier of old economy goods and labour to Asia."
Among those now rumoured to be interested in the NYSE sale are the National Stock Exchange of India (NSE), the United Korea Stock Exchange (UKSE), and the US Government itself.
Despite US Government talk of buying back the exchange, the NYSE's recent chequered history of unsuccessful proposals of merger and acquisition doesn't inspire confidence that, in the long term, it will be able to re-establish a position in the global markets as an independent player.
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