ST Aerospace Resources has completed the divestment of its 50% equity stake in Keystone Holdings. As a result, ST Aerospace Resources and SJ Aviation Capital Pte. Ltd. will now each own 50% shareholding in Keystone Holdings. The divestment consideration of US$10.3m (approximately S$14.2m) took into account the current performance and net asset value of Keystone Holdings. Keystone Holdings serves as a holding company for single aisle aircraft leasing investments. It has audited net assets of US$18.9m (approximately S$26m) as at 30 June 2016, and currently holds subsidiaries in various geographies to support its portfolio purchase of aircraft which are currently
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