SUBSCRIBERS
ST Engineering to pay customer US$15.9m net in arbitration case
Unit VT Halter Marine embroiled in proceedings involving disputes from 2011 deal for design, construction of vessels
Add BT as a preferred source
Tay Peck Gek
Published Wed, Oct 23, 2019 · 09:50 PM
Singapore
SINGAPORE Technologies (ST) Engineering's US marine subsidiary has to pay US$18 million to a customer following arbitration proceedings.
Consequently, the company would make a further provision of about S$14.2 million in the financial statements for the period ended Sept 30 as an adjusting subsequent event.
Copyright SPH Media. All rights reserved.
