📋 Tender Overview
Singapore Technologies Engineering Ltd ST Engineering announced that its wholly owned subsidiary Technicae Projetos e Servios Automotivos Ltda. Technicae has been placed under members voluntary liquidation.Technicae which was in the business of automotive maintenance repair and overhaul services ceased operations in 2018. This voluntary liquidation is part of ST Engineerings ongoing review to streamline its business portfolio.It is not expected to have any material impact on either the net tangible assets per share or the earnings per share of ST Engineering Group of the current financial year.
