Singapore, 2 January 2018 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that further to the announcement made on 31 March 2017, the member’s voluntary liquidation of Singapore Aerospace K.K. (SAKK), a subsidiary of Singapore Technologies Aerospace Ltd has been completed.

The liquidation of SAKK 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.