ST Engineering - ST Engineering's Electronics Arm Changes Capital In Subsidiary Antycip Simulation SAS

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ST Engineering's Electronics Arm Changes Capital In Subsidiary Antycip Simulation SAS

Singapore, 28 July 2015Singapore Technologies Engineering Ltd (ST Engineering) today announced the following changes to the share capital contribution and share capital of its indirect subsidiaries:

i) Antycip Simulation Limited (ASL) has injected an additional EUR490,049 (approximately S$739,925) into the share capital of its wholly owned subsidiary, Antycip Simulation SAS (Antycip SAS), bringing ASL’s total share capital contribution in Antycip SAS to EUR527,049 (approximately S$795,791). 
The capital injection was effected through a conversion of an existing loan extended by ASL to Antycip SAS.

ii) With the additional share capital contribution, Antycip SAS effected a capital reduction of EUR447,947 (approximately S$676,355) from EUR527,049 (approximately S$795,791) to EUR79,102 (approximately S$119,436). EUR447,947 (approximately S$676,355) is used  to reduce Antycip SAS’ accumulated losses.
ASL is 93% owned by ST Electronics (Training & Simulation Systems) Pte. Ltd., a wholly owned subsidiary of Singapore Technologies Electronics Limited, the electronics arm of ST Engineering.
The share capital contribution and share capital changes are 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 Electronics (Singapore Technologies Electronics Limited) is the electronics arm of Singapore Technologies Engineering Ltd, one of the largest public-listed companies on the Singapore Stock Exchange. ST Electronics is a global engineering company specialising in the design, development and integration of advanced electronics and communications systems. Our capabilities are in Rail & Intelligent Transportation; Satellite & Broadband Communications; Info Comm Technologies; Command & Control operations, Training & Simulation; Intelligent Building & Security Systems and Cybersecurity. We have a presence in over 20 countries spanning North America, Latin America, Europe, Africa, the Middle East, China, India and Southeast Asia. For more information, 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 in Singapore, the Group reported revenue of $6.54b in FY2014 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index and MSCI Singapore. 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.


Media Contacts:                    
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel:     (65) 6722 1883
Email: linapoa@stengg.com

Michelle Choh
AVP, Corporate Communications
ST Electronics
Tel:     (65) 6413 1788
Email: choh.ssushien@stee.stengg.com

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