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Latest NewsDecember 2009ST Electronics Increases Stake In Singapore, 17 December 2009 — Singapore Technologies Electronics Limited has through wholly owned subsidiary, ST Electronics (Info-Security) Pte. Ltd. (STEE-InfoSec), acquired the remaining 38.88% equity stake in DataMark Technologies Pte Ltd (DataMark) from four of the existing shareholders for a total cash consideration of S$148,000. The purchase consideration was arrived at on a willing buyer willing seller basis, based on DataMark’s net tangible assets as of 31 August 2009 and taking into consideration DataMark’s past performance, current assets and future prospects. Consequent to the purchase, DataMark becomes a wholly-owned subsidiary of STEE-InfoSec. The additional investment in DataMark 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. STEE-InfoSec first invested in DataMark in 2000. DataMark provides digital watermarking technologies and solutions for the authenticity of digital information. The investment will offer better synergy for the delivery of a comprehensive suite of info-security products to the market.
DataMark (DataMark Technologies Pte Ltd) is a pioneer provider of patented digital watermarking technologies and solutions. DataMark employs state-of-the-art infocomm security technologies and patented digital watermarking technologies to address copyright and authentication issues pertaining to digital imaging. 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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