ST Engineering sets up treasury entity

It will help the firm's companies manage financial risks.

Singapore Technologies Engineering Ltd (ST Engineering) set up a new entity, ST Engineering Treasury Pte Ltd (STET), in Singapore.

According to a press release, STET will provide treasury services, including centralised liquidity and financial risks hedging management to companies within the ST Engineering Group.

The new entity has a paid-up capital of $2 in Singapore.

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