Singapore Technologies Engineering logo

S63 - Singapore Technologies Engineering News Story

S$3.98 0.0  0.0%

Last Trade - 16/04/21

Sector
Industrials
Size
Large Cap
Market Cap £6.74bn
Enterprise Value £7.39bn
Revenue £3.89bn
Position in Universe 247th / 6093

BRIEF-Singapore Technologies Engineering Says Continues To Operate Substantively

Tue 14th April, 2020 11:35am
April 14 (Reuters) - Singapore Technologies Engineering Ltd
 STEG.SI :
    * GROUP CONTINUES TO OPERATE SUBSTANTIVELY AS PROVIDER OF
ESSENTIAL SERVICES
    * CO NOT IMMUNE TO ADVERSE ECONOMIC EFFECTS BROUGHT ABOUT BY
COVID-19 PANDEMIC
    * CO'S DIVERSE BUSINESS PORTFOLIO ALLOWS GROUP TO MITIGATE
OVERALL
IMPACT FROM COVID-19 PANDEMIC
    * DECIDED TO REDUCE BOARD FEES BY 10%
    * PRESIDENT & CEO WILL ALSO REDUCE HIS SALARY BY 10%
    * SENIOR MANAGEMENT TEAM WILL REDUCE THEIR SALARIES BY
PERCENTAGES
RANGING BETWEEN 5% & 10%
    * EXPECTS VARIOUS STATE OR GOVERNMENT AID & STIMULUS
PACKAGES IN
SINGAPORE & ELSEWHERE TO MITIGATE IMPACT ON PERFORMANCE

Source text for Eikon:  ID:nSNZ9pNSLb 
Further company coverage:  STEG.SI 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.