Singapore Technologies Engineering Ltd (ST Engineering) has announced that its aerospace arm Singapore Technologies Aerospace Ltd (ST Aerospace), through its wholly owned subsidiary ST Aerospace Engines Pte Ltd (STA Engines) will be injecting its pro rata share of US$20.8m (approximately $25.98m), as additional capital into its Xiamen-based engine MRO joint venture company, ST Aerospace Technologies (Xiamen) Company Limited (STATCO). The planned additional capital injection is subject to regulatory approvals by the Chinese authorities. Upon injection of the funds, STA Engines’ total share capital contribution in STATCO will stand at US$41.6m (approximately $55.70m). The additional funding will support STATCO’s business growth.

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