As part of its ongoing review to streamline its legal entity structure, Singapore Technologies Engineering’s electronics arm has placed its subsidiary, STET Homeland Security Services, under members’ voluntary liquidation.
The move is not expected to have any material impact on the net tangible assets (NTA) per share or the earnings per share (EPS) of the ST Engineering Group for the current FY.
SEE:ST Engineering appoints new COO and Aerospace President
Shares in ST Engineering closed 1 cent lower or 0.3% down at $3.86 on Dec 8.
