Australian Stock Exchange Limited (ASX) today announced that it had sold Orient Capital Pty Limited to Link Market Services Limited.
ASX Managing Director and CEO, Mr Robert Elstone, said: “ASX has enjoyed a productive and successful relationship with Orient since 2001, however the sale is an appropriate - albeit modest - step given our current focus on integration.”
ASX’s accounting profit in connection with the sale is likely to be $4.5 million after tax.
