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ST Engineering Applies To ACRA For
Striking Off Of TranSys Pte Ltd
Singapore, 13 April 2012 — Singapore Technologies Engineering Ltd (ST Engineering) today announced that TranSys Pte Ltd (TranSys), a wholly owned subsidiary of ST Engineering’s electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has applied to the Accounting and Corporate Regulatory Authority in Singapore to strike off its name from the Register of Companies pursuant to Section 344 of the Companies Act, Cap.50.
Transys’ rail electronics business has been consolidated into ST Electronics' Large Scale Systems Group.
This is part of ST Electronics’ business review to streamline operations and optimise resources for the development and deployment of rail related solutions and services.
The striking off of TranSys 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.
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ST Electronics (Singapore Technologies Electronics Limited), the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide. With a presence in more than 20 countries, ST Electronics markets its solutions to more than 100 countries internationally. It specialises in the design, development and integration of advanced electronics and communications systems, such as broadband radio frequency and satellite communication, e-Government solutions, information communications technologies and IT, rail and traffic management, real-time command and control, modelling and simulation, interactive digital media, intelligent building management and information security. Please visit www.stee.stengg.com.
ST Engineering (Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of $5.99b in FY2011 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities. Please visit www.stengg.com.
Media Contact:
Julie Bettinger
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1833
Fax: (65) 6720 2293
Email: linapoa@stengg.com
Magdalen Loh
AVP/Head, Corporate Communications
ST Electronics
Tel: (65) 6413 1788
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com
