SGX rejects Nutryfarm’s proposed 45% acquisition of First Linkage

An office worker walks past a logo of the Singapore Stock Exchange (SGX) outside its premises in Singapore, April 23, 2014. REUTERS/Edgar Su/File Photo

The Singapore Exchange (SGX) has rejected Nutryfarm International’s 45 per cent stake acquisition of First Linkage on grounds of its failure to address foreign ownership restrictions and contract-related risks in the company.

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