St Electronics News

ST Engineering Raises Cap In STET

Singapore Technologies Engineering Ltd (ST Engineering) announced today that ST Education & Training Private Limited (“STET”) has increased its issued and paid up capital from S$1m to S$2m. This increase in paid-up capital is by way of a bonus issue of 1,000,000 ordinary shares of S$1 each. This bonus issue is based on the ratio of one new share for every one existing share by way of capitalisation of the revenue reserve account. STET is 70% owned by ST Electronics (Training & Simulation Systems) Pte.