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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


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...

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