ST Engineering’s Electronics Arm Liquidates STET Homeland Security Services Pte. Ltd.

Singapore, 8 December 2020 - Singapore Technologies Engineering Ltd (ST Engineering) today announced that its subsidiary, STET Homeland Security Services Pte. Ltd., which has been dormant is placed under members’ voluntary liquidation. 

This exercise is part of ST Engineering’s ongoing review to streamline its legal entity structure, and is not expected to have any material impact on either the net tangible assets per share or the earnings per share of ST Engineering Group for the current financial year.

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ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 23,000 people across offices in Asia, Europe, the Middle East and the U.S., serving customers in the defence, government and commercial segments in more than 100 countries. With more than 700 smart city projects across 130 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $7.9b in FY2019 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index. For more information, please visit www.stengg.com.

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