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Home » News & Events » Latest News | |
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Latest NewsJanuary 2010ST Electronics Increases Capital In Singapore, 14 January 2010 — Singapore Technologies Electronics (ST Electronics) today announced the change of name of its subsidiary, STET Centre Pte. Ltd. to STET Institute Pte. Ltd. (STET Institute). Concurrently, the share capital for STET Institute is increased from S$200,000 to S$700,000. The changes are made to strengthen the capital structure and align the company’s name with that of the school as laid out in the guidelines of the Private Education Regulations and the requirements set out by EduTrust, a certification scheme issued by the Council for Private Education of Singapore. The increase in share capital 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. STET Institute was set up in February 2009 under ST Education & Training Private Limited (STET), a wholly-owned subsidiary of ST Electronics.
STET (ST Education & Training Private Limited) specialises in maritime education, training and consultancy and homeland security consulting and engineering services, and is a strategic partner of the Republic of Singapore Navy. 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 30 cities in 20 countries, ST Electronics markets its solutions to more than 80 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. Media contact:Magdalen Loh
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