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ST Engineering jumps more than 7% after move to acquire GE's aircraft parts maker

Analysts say purchase will lift firm's aerospace segment up the value chain

Published Fri, Sep 14, 2018 · 09:50 PM
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Singapore

SHARES in mainboard-listed Singapore Technologies (ST) Engineering were on a tear on Friday with the engineering firm's stock advancing S$0.24 or 7.3 per cent higher at S$3.53 on Friday.

It was also among the Singapore bourse's most heavily traded stocks on the day with some 21.6 million shares changing hands.

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