Singapore, 6 July 2012 – Further to the announcement of 10 February 2012, Singapore Technologies Engineering Ltd (ST Engineering) wishes to announce that shareholders of Nera Telecommunications Ltd (NERA) have today voted against the acquisition of all the shares of NERA by Singapore Technologies Electronics Limited (ST Electronics) at the scheme meeting convened by NERA.
A copy of the announcement made by NERA today is enclosed for easy reference.
Directors’ Responsibility Statement
The Directors of ST Electronics (including any director who may have delegated detailed supervision in the preparation of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed herein are fair and accurate and that no material facts have been omitted, and they jointly and severally accept responsibility accordingly. Where any information in this press release has been extracted from published or publicly available sources, the sole responsibility of these directors has been to ensure through reasonable enquiries that such information has been accurately extracted and reproduced herein.
ST Electronics (Singapore Technologies Electronics Limited), the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide. With a presence in more than 20 countries, ST Electronics markets its solutions to more than 100 countries internationally. It specialises in the design, development and integration of advanced electronics and communications systems, such as broadband radio frequency and satellite communication, e-Government solutions, information communications technologies and IT, rail and traffic management, real-time command and control, modelling and simulation, interactive digital media, intelligent building management and information security. Please visit www.stee.stengg.com.
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 inSingapore, the Group reported revenues of $5.99b in FY2011 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities. Please visit www.stengg.com.
Media Contacts:
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1883
Fax: (65) 6720 2293
Email: linapoa@stengg.com
Magdalen Loh
AVP/Head, Corporate Communications
ST Electronics
Tel: (65) 6413 1788
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com