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ST Engineering gets S$100m state aid from abroad
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Published Thu, Aug 12, 2021 · 09:50 PM
Singapore
MAINBOARD-LISTED ST Engineering has unexpectedly received S$100 million in support from governments in the markets where it operates, but will invest these funds in facilities and talent to help keep jobs and to ride the post-pandemic upturn.
The company released its financial results for the first half of FY2021 ended June on Thursday, and the extra state aid became the focus of its earnings call.
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