Kindly explain whats the difference between

buying  share and accumulating share

You mean you collect some shares...

   Accumulation is different...

SINGAPORE: When it comes to convincing lawmakers in Canberra why the A$8.4 billion (S$11 billion) takeover of the Australian Securities Exchange (ASX) by his company may be a good idea, Mr Magnus Bocker, the chief executive of the Singapore Exchange, will face a formidable challenge: public opinion in Australia.

Those who are opposed to the deal outnumber those who support it by 10-to-1, according to a survey by UMR Research, a market research company with offices in Sydney, Auckland and Wellington.

In the poll, carried out between December 16 and 21 and covered 500 people, two-thirds of respondents said they were against the deal, with the rest largely unsure.

Only 6 per cent said they supported the takeover.

UMR said it matched the survey respondents against census data to ensure a nationally representative sample.

The opposition to the deal is strong across political lines: 71 per cent of Coalition supporters rejected the transaction, while 65 per cent of Green voters and 62 per cent of Labour backers said they were against it.

"For this proposal to get off across the line, it will require a major structural re-engineering to make it more attractive and acceptable to Australians generally," said Mr John Utting, UMR's managing director.

The federal parliament must approve the lifting of a 15 per cent ownership cap on the ASX. Australia's Foreign Investment Review Board must also clear the proposal.

Analysts were not surprised by the strong opposition and believe that some Australian politicians' angry first reactions to the deal have shaped public sentiment.

-CNA/ac

SINGAPORE: When it comes to convincing lawmakers in Canberra why the A$8.4 billion (S$11 billion) takeover of the Australian Securities Exchange (ASX) by his company may be a good idea, Mr Magnus Bocker, the chief executive of the Singapore Exchange, will face a formidable challenge: public opinion in Australia.

Those who are opposed to the deal outnumber those who support it by 10-to-1, according to a survey by UMR Research, a market research company with offices in Sydney, Auckland and Wellington.

In the poll, carried out between December 16 and 21 and covered 500 people, two-thirds of respondents said they were against the deal, with the rest largely unsure.

Only 6 per cent said they supported the takeover.

UMR said it matched the survey respondents against census data to ensure a nationally representative sample.

The opposition to the deal is strong across political lines: 71 per cent of Coalition supporters rejected the transaction, while 65 per cent of Green voters and 62 per cent of Labour backers said they were against it.

"For this proposal to get off across the line, it will require a major structural re-engineering to make it more attractive and acceptable to Australians generally," said Mr John Utting, UMR's managing director.

The federal parliament must approve the lifting of a 15 per cent ownership cap on the ASX. Australia's Foreign Investment Review Board must also clear the proposal.

Analysts were not surprised by the strong opposition and believe that some Australian politicians' angry first reactions to the deal have shaped public sentiment.

-CNA/ac