The proceeds will be used to broaden its offerings and expand into new markets. “This capital raising exercise will help us push forward further in our growth strategy of capability-building and market expansion,” says chairman Mushtaq Ahmad.
SINGAPORE (Aug 28): ST Integrated Engineering says it is raising $4 million on a regulated local private securities exchange, 1exchange. This comes just months after asset management firm Aggregate Asset Management announced plans to raise $5.2 million on the exchange.
ST Integrated Engineering - not related to Temasek-back conglomerate ST Engineering - offers integrated facilities management and IT services to customers in Singapore, Malaysia, Saudia Arabia and UAE.
