, Singapore

ST Electronics injects $12.6m new capital to its Thailand arm

This will boost its ongoing rail electronics business.

Singapore Technologies Electronics Limited (ST Electronics) injected new capital of $12.6m into its Thailand subsidiary, according to a release by Singapore Technologies Engineering Ltd (ST Engineering).

This will support the growth of its rail electronics business in Thailand.

The move will bring ST Electronics' share contribution to $17.3m.

This capital injection is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year, ST Electronics said.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Strides Premier enhances routing with Autofleet tech
The Singaporean taxi operator will utilise Autofleet’s platform to improve route planning and dispatching.
RGE and Singapore Fashion Council launch ‘Responsible Fashion Scholarship’
It is open for Singaporean citizens or permanent residents in full-time undergraduate or postgraduate programs at recognized institutions.
HR & Education