ST Electronics injects $12.6m new capital to its Thailand arm

This will boost its ongoing rail electronics business.

Singapore Technologies Electronics Limited (ST Electronics) injected new capital of $12.6m into its Thailand subsidiary, according to a release by Singapore Technologies Engineering Ltd (ST Engineering).

This will support the growth of its rail electronics business in Thailand.

The move will bring ST Electronics' share contribution to $17.3m.

This capital injection 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, ST Electronics said.

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