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Latest NewsJuly 2009ST Engineering Applies To ACRA For Singapore, 1 July 2009 — Singapore Technologies Engineering Ltd (ST Engineering) today announced that iDirect Singapore Pte Ltd (iDirect Singapore), a wholly-owned subsidiary of VT iDirect Inc. (VT iDirect), has applied to the Accounting and Corporate Regulatory Authority in Singapore to strike off its name from the Register of Companies pursuant to Section 344 of the Companies Act, Cap. 50. This is part of VT iDirect's ongoing review of its business operation and corporate structure worldwide. The striking off of iDirect Singapore 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. iDirect Singapore was incorporated in September 2006 for the purpose of using Singapore as a base for VT iDirect to reach out to the Asia Pacific region. Since 1 January 2009, iDirect Singapore has ceased operations. For better synergy, the Asia Pacific business function of VT iDirect is now undertaken by iDirect Asia Pte Ltd, a wholly-owned subsidiary of ST Electronics (Satcom & Sensor Systems) Pte Ltd.
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 $5.34b in FY2008 and ranks among the largest companies listed on the Singapore Exchange. ST Engineering has more than 19,000 employees worldwide, and over 100 subsidiaries and associated companies in 24 countries and 42 cities. Please visit www.stengg.com. Media contact:Sharolyn Choy Magdalen Loh
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