SGX and SET Aim to Expand Cross-Listings Despite Market Downturn
• Title SGX, SET look to double cross-offerings amid market slump
• SET looking to double number of Thai stocks traded on SGX after first 4 depositary receipts
• First exchange-level depositary receipts in Southeast Asia launched, allowing Singapore investors to access Thai securities
• Depositary receipts for 3 Thai blue chips launched on SGX in May, followed by Singapore Airlines on SET in September
• Singtel expected to be offered on Thai bourse by year's end as collaboration continues