STAIS was formed to take on a helicopter manufacturing programme that has already been completed.
Singapore Technologies Engineering’s (ST Engineering) subsidiary ST Aerospace International Structures (STAIS) has applied to the Accounting and Corporate Regulatory Authority in Singapore to remove its name from the register pursuant to Section 344 of the Companies Act, an announcement revealed.
STAIS, which specialises in design, prototyping and production management of aircraft structural components and assemblies, was formed to undertake an EC120 Colibri helicopter manufacturing programme which has since been completed.
Prior to the application for de-registration, STAIS effected a capital reduction of its share capital from $200,000 to $1, which resulted in the cancellation of 199,999 ordinary shares in the issued share capital of STAIS.
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