ST Engineering’s Electronics Arm Completes Liquidation of China Subsidiary in Shenzhen
Singapore, 4 May 2016 — Singapore Technologies Engineering Ltd (ST Engineering) today updated that further to its announcement on 13 December 2013, the member’s voluntary liquidation of ST Electronics (Software Services) Co., Ltd. (SoftServ), its China subsidiary, has been completed.
The liquidation of SoftServ 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 Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of $6.34b in FY2015 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index and MSCI Singapore. ST Engineering has about 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries. Please visit www.stengg.com for more information.
SVP, Corporate Communications
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Asst. Vice President, Corporate Communications
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