ST Engineering’s Electronics Arm Dissolves United Kingdom Subsidiary Parallel Limited
Singapore, 22 July 2016 — Singapore Technologies Engineering Ltd (ST Engineering) today updated that further to its announcement on 28 April 2016, its UK subsidiary, Parallel Limited is now dissolved, following its application for strike-off with Companies House in the UK.
The dissolution 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, MSCI Singapore and the SGX Sustainability Leaders Index. 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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