Aircraft seat maker bags $5.3m investment from ST Aerospace
It will be used as working capital.
ST Aerospace has injected $5.29m into its subsidiary ST Aerospace Aircraft Seats Pte Ltd. The investment will be used as working capital for the subsidiary's operations.
Singapore-based ST Aerospace Aircraft Seats is responsible for the end-to-end design and manufacturing of a range of aircraft seating solutions.
This capital injection 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.