Singapore Technologies Engineering :into ST Engineering Aerospace Resources for the purchase of aircraft assets to support the expansion of the group's aircraft leasing business. This capital injection, funded through internal cash, brings the group's total share capital contribution in ST Engineering Aerospace Resources to US$49 million. ST Engineering closed at S$3.96 on Wednesday, down 0.8 per cent or three cents.
Together with the five announced on Wednesday, Yangzijiang has signed new order contracts for seven vessels worth US$395 million so far in Q3 2019. Yangzijiang closed at 94 Singapore cents on Wednesday, up 3.5 Singapore cents or 3.87 per cent. It remained the most active counter on the Straits Times Index with 60.8 million shares changing hands.
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