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ST Engineering Closes Subsidiary In Brazil

Singapore, 26 December 2019 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that VT Systems Participações Ltda., a subsidiary of ST Engineering North America, Inc., has been closed as part of ongoing efforts to streamline the Group’s corporate structure.

The exercise is not expected to have any material impact on the consolidated net tangible asset per share and earnings per share of ST Engineering for the current financial year.

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ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 22,000 people across offices in Asia, the U.S., Europe and the Middle East, serving customers in the defence, government and commercial segments in more than 100 countries. With more than 500 smart city projects across 70 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $6.7b in FY2018 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index. For more information, please visit www.stengg.com.

Media Contact:          
Lina Poa
Head, Corporate Communications
ST Engineering
Tel: (65) 6722 1818
Email: linapoa@stengg.com

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