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S63 - Singapore Technologies Engineering News Story

S$3.75 0.1  1.4%

Last Trade - 2:20am

Sector
Industrials
Size
Large Cap
Market Cap £6.16bn
Enterprise Value £6.80bn
Revenue £3.82bn
Position in Universe 263rd / 6100

BRIEF-Singapore Technologies Engineering Says Signed An Agreement With DSO National Laboratories

Thu 14th February, 2019 1:28am
Feb 14 (Reuters) - Singapore Technologies Engineering Ltd
 STEG.SI :
    * SIGNED AN AGREEMENT WITH DSO NATIONAL LABORATORIES TO SET
UP A
JOINT VENTURE COMPANY
    * ST ENGINEERING'S PLANNED INVESTMENT OF US$3M IS FOR A 51%
STAKE
IN JVCO, WITH REMAINING 49% TO BE HELD BY DSO.
    * JVCO SETUP NOT EXPECTED TO HAVE MATERIAL IMPACT ON
CONSOLIDATED
NET TANGIBLE ASSETSPER SHARE, EARNINGSPER SHARE OF CO FOR
CURRENT FY

Source text for Eikon:  ID:nSNZ3DybDV 
Further company coverage:  STEG.SI 

 (Reuters.Briefs@thomsonreuters.com)
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