ST Engineering subsidiary injects $8.1m into Keystone Holdings

It’s to add an Airbus A321 to its portfolio.

Singapore Technologies (ST) Engineering announced that ST Aerospace Resources has injected about US$5.78 (roughly $8.1m) into its subsidiary Keystone Holdings (Global).

According to the group’s news release, the capital injection is to add an Airbus A321 into its aircraft leasing portfolio.

This brings ST Aerospace Resources’ total share capital contribution in Keystone Holdings (Global) to about US$18.96m ($26.7m).

As part of its capitalisation exercise, Keystone Holdings (Global) has also injected US$2.30 ($3.3m) into its subsidiary Keystones Leasing (UK) Limited, which in turn injected the same amount into Keystone 1 Limited.

The group reports it does not expect the capital injections to materially impact ST Engineering’s tangible assets per share and earnings per share for the current financial year.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia