Singapore, 15 March 2018 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that Singapore Technologies Marine Ltd has placed its subsidiary, STSE Engineering Services (B) Sdn Bhd (STSE Engineering), under members’ voluntary liquidation under the laws of Brunei Darussalam.
STSE Engineering was formed to manage an integrated waste management facility project in Brunei. The project has since been completed in June 2016, hence the decision to wind up STSE Engineering.
This exercise 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 Marine (Singapore Technologies Marine Ltd), the marine arm of ST Engineering, provides turnkey and sustainable solutions in the marine, offshore and environmental engineering industries. In shipbuilding, it has the proven capabilities in concept definition to detailed design, construction, on-board system installation and integration, commissioning to through-life support. It has also established a track record in providing high engineering content repair and conversion services for a worldwide clientele. ST Marine also provides sustainable environmental engineering solutions to meet the increasing global demand for innovative green solutions in water, wastewater, solid waste and renewable energy. Please visit www.stengg.com for more information.
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 Americas, Europe and the Middle East, serving customers in more than 100 countries. Its employees bring innovation and technology together to create smart engineering solutions for customers in the defence, government and commercial segments. Headquartered in Singapore, ST Engineering reported revenue of S$6.62b in FY2017 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 and the SGX Sustainability Leaders Index. Please visit www.stengg.com for more information.
Head, Corporate Communications
Tel: (65) 6722 1818
Chao Jang Ting
AVP, Corporate Communications
Tel: (65) 6722 1690