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Singapore Technologies Engineering Injects Additional Capital Into Keystone Holdings
Daily Bulletin | 23 December 2015
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Singapore Technologies Engineering’s aerospace arm has injected US$8.1 million into the capital of its subsidiary, Keystone Holdings (Global). The additional capital is for the purpose of expanding its aircraft leasing business, which now adds on a Boeing 737NG into the growing portfolio.

This brings the group’s total share capital contribution in Keystone Holdings (Global) to US$13.2 million. The capital injection affirms the group’s aerospace sector’s confidence in the aircraft leasing business and the continued investments to grow its aircraft portfolio to support the market demand.

Singapore Technologies Engineering  4.100 -0.01 -0.24%   
Business: An integrated engineering group providing solutions & services across many sectors. [FY18 Turnover] Aerospace (39.5%), electronics (32%), land systems (19.1%), marine (8.6%), others (0.8%).

Insight: May-19, 1Q19 revenue rose 5.1% to $1.7b attributed... Read More


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