Singapore Exchange Ltd. has offered to give more board seats to the Australians. Singapore Exchange Ltd. is now pursuing a A$7.78 billion ($7.78 billion) deal to takeover ASX Ltd. The main aim of such offer is to settle the opposition of the lawmakers.

The ASX-SGX Ltd. board has decided to include five Australian and five Singaporean citizens in the team of 13 members. This has been informed by ASX in a statement today.

In the month of October last year, the Singapore Exchange Ltd. had proposed for four Australians on the board in its bid. The proposed number was 15 for the board. The three international directors will be drawn from the current board of the Singapore Exchange. Chief Executive Officer Magnus Bocker is also expected to be a part of this newly formed board.

This move will allow the Singapore Exchange Ltd. to reduce resistance from Canberra lawmakers. They were opposing the merger saying it will hamper the national interest. But giving more board seats to the Australians will definitely reduce the pressure from the opposition.