📋 Tender Overview
Singapore Technologies Engineering Ltd ST Engineering announced that its Electronics arm has injected RMB50m approximately S9.7m into its Shanghai-based subsidiary ST Engineering Electronics Shanghai Co. Ltd. to support the growth of its mobility and Internet of Things IoT businesses.This capital injection funded through internal cash will bring the Groups total share capital contribution in this subsidiary to RMB152m approximately S29m with a net asset value estimated to be RMB151m approximately S29m.The exercise is not expected to have any material impact on the consolidated net tangible asset per share and earnings per share of ST Engineering for the current financial year.
