ST Engineering subsidiary injects over S$3m into LeeBoy India

Shareholding interest in LeeBoy India Construction Equipment Private Limited remains unchanged at 97.9%.

SDG Kinetics Pte Ltd, a wholly owned subsidiary of ST Engineering’s land systems arm, Singapore Technologies Kinetics Ltd, made the injection of capital worth approximately S$3.1 million as part of the progressive contribution of LeeBoy India’s planned capital expenditure.

LeeBoy India is headquartered in Bangalore, India, and manufactures and markets a wide range of products in the Construction Equipment space, including Motor Graders, Crawler Excavators, Backhoe Loaders, Concrete Batching Plants and Asphalt Pavers.

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