ST Aero injects capital into aircraft leasing unit
SINGAPORE Technologies (ST) Engineering's aerospace arm ST Aerospace has injected US$10.5 million into ST Aerospace Resources for a flow through injection into Keystone Holdings (Global) to expand its aircraft leasing business.
This fund injection brings ST Aerospace Resources' total share capital contribution for its 50 per cent stake in Keystone Holdings to about US$20 million.
The exercise is not expected to have any material impact on ST Engineering's consolidated net tangible asset per share and earnings per share for the current financial year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Far East Hospitality Trust Q1 net property income rises 6% to S$25.1 million
Boeing gets a welcome respite with US$10 billion bond offering
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival
Chevron CEO expects ExxonMobil arbitration resolved in coming months
Paramount replaces CEO with trio as it talks merger with Skydance
MicroStrategy posts loss on impairment charge, revenue declines