 |
Home » News & Events » Latest News | |
| News & Events | ||
Latest NewsOctober 2007ST Electronics Completes Divestment Of Associated Company, ECS Holdings Limited Singapore, 30 October 2007 — Singapore Technologies Electronics Limited (ST Electronics) today announced, as a follow up to an earlier announcement on 8 August 2007, that pursuant to the fulfilment of all conditions precedent, ST Electronics (Info-Software Systems) Pte. Ltd. (STEE-InfoSoft) has completed the divestment of its 75,840,978 ordinary shares representing 20.76% of ECS Holdings Limited’s (ECS) issued share capital, to VST Holdings Limited (VST). The ECS Shares are sold to VST at a sale price of S$0.668 per share, for an aggregate of S$50.7 million. STEE-InfoSoft is a wholly-owned subsidiary of ST Electronics. Consequent to this divestment, ECS ceases to be an associated company of STEE-InfoSoft. ST Electronics (Info-Software Systems), has 20 years of experience in designing, implementing and supporting mission critical command, control and intelligence (C2I) systems including C2 simulation. Using its Common Application Platform (CAP) and dual use technology, it delivers homeland security systems and e-Government services and solutions. Its e-Government implementations comprise managed services and turnkey solutions. Based on its Service Transformation™ framework, the company delivers premier quality solutions and services, in turn enabling its customers to better serve their customers. ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide. 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 & control, training and simulation, intelligent building management, and information security and mobile commerce solutions. Please visit www.stee.stengg.com. Media contact:Magdalen Loh
|
Use of this site constitutes acceptance of our Disclaimer.
