Deals
Singapore Exchange Plans to Add ADRs for Indian Firms
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Singapore Exchange Ltd., which is bidding for Australia’s ASX Ltd., plans to quote American depositary receipts of Indian, Taiwanese and South Korean companies by the first half of 2011.
The bourse, Asia’s second-largest publicly traded exchange by market value, will first build up trading volumes on the 19 Chinese ADRs it started trading last week, Rick Aston, head of product sales, said in an interview in Hong Kong yesterday. Those ADRs range from PetroChina Co., Asia’s biggest company by market value, to search-engine operator Baidu Inc.