Home THE DAILY EDGE Business ST Engineering aerospace unit in US$99m China JV
ST Engineering aerospace unit in US$99m China JV

Tags: ST Aerospace | ST Engineering

Written by Reuters   
Tuesday, 20 July 2010 17:30
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Singapore’s ST Engineering (STEG.SI) said on Tuesday its aerospace arm, ST Aerospace, will set up a joint venture with a Chinese firm, with a total investment of US$99 million ($135.9 million). 

The joint venture, which will be 49-percent owned by ST Aerospace, will establish a commercial aircraft heavy maintenance facility in Guangzhou, China. 
 
Guangdong Airport Management Corp will own the other 51% of the joint venture.  
 
The joint venture is subject to approval from the Chinese government.  
 
 
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ST Engineering aerospace unit in US$99m China JV
Tuesday, 20 July 2010

Last Updated on Tuesday, 20 July 2010 17:32