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ST Engg to raise debt for US$630m MRAS takeover

This acquisition comes on the back of a business rationalisation drive; the group announces Q3 net profit of S$134.6m

Singapore

SINGAPORE Technologies Engineering (ST Engg) intends to tap the debt market for the US$630 million takeover of General Electric's MRA Systems LLC (MRAS), its executives said on announcing an increase in third-quarter profit for the conglomerate this year.

Chief financial...

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