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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.