SINGAPORE (Oct 27): SIA Engineering Company (SIAEC) is disposing its joint venture stake in Asian Compressor Technology Services Company (ACTS).

The sale of SIAEC’s stake in ACTS is expected to result in a gain of $14.3 million for SIAEC for the financial year ending March 31.

ACTS is a joint venture between SIAEC (24.5%), Pratt & Whitney (51%) and China Airlines (24.5%) based in Taiwan.

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