Liquidation of PMB Malaysia Completed

 

Singapore Technologies Engineering Ltd (ST Engineering) today informed that further to the announcement made on 27 August 2013, the members’ voluntary liquidation of its indirect wholly owned subsidiary, PMB Project Management Business Sdn Bhd (PMB Malaysia), has been completed.

ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. The liquidation of PMB Malaysia is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

The Group reported revenue of S$6.54b in FY2014 and ranks among the largest companies listed on the Singapore Exchange.