STELCOMMS’ staff and assets were moved to STEE-InfoComm.
ST Electronics has streamlined its entities through a short-form amalgamation under Section 215D of the Singapore Companies Act.
According to an announcement, STELCOMMS Pte Ltd (STELCOMMS) is amalgamated with ST Electronics (Info-Comm Systems) Pte Ltd (STEE-InfoComm). The assets and personnel of STELCOMMS were transferred to STEE-InfoComm as the surviving entity after the amalgamation.
“Business will continue seamlessly with STEE-InfoComm as a subsidiary of ST Electronics,” ST Electronics said. The amalgamation has been in effect since 1 May 2018.
“This exercise is a result of the ongoing business review to streamline capabilities and consolidate resources within the electronics sector,” the firm said.
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