ST Engineering injects $216m in aerospace arm

Brings share capital contribution to $368.5m.

Singapore Technologies Engineering Ltd (ST Engineering) announced that it has injected new equity of $216m into the capital of its wholly owned aerospace arm, Singapore Technologies Aerospace Ltd (ST Aerospace). This brings ST Engineering’s total share capital contribution in ST Aerospace to $368.5m.

ST Engineering said the increased capital is to support the expansion of ST Aerospace's business, but it is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

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