ST Engineering sets up treasury entity
It will help the firm's companies manage financial risks.
Singapore Technologies Engineering Ltd (ST Engineering) set up a new entity, ST Engineering Treasury Pte Ltd (STET), in Singapore.
According to a press release, STET will provide treasury services, including centralised liquidity and financial risks hedging management to companies within the ST Engineering Group.
The new entity has a paid-up capital of $2 in Singapore.