http://www.theedgemarkets.com/sg/article/st-engineering-injects-more-capital-us-units
SINGAPORE (May 20): ST Engineering is injecting more capital into its US subsidiaries.
ST Engineering, the integrated manufacturing group, said Vision Technologies Aerospace Incorporated has injected US$2.06 million ($2.72 million) and US$995,000 into the capital of its wholly owned subsidiaries, Aviation Academy of America, Inc (AAA) and VT Aviation Services, Inc (VTAS) respectively.
This would bring VT Aerospace’s total investments in AAA and VTAS to US$2.86 million and US$996,000 respectively.
ST Engineering also revealed it was Vision Technologies Systems which injected US$3.05 million into the capital of VT Aerospace, to fund the capital injection into AAA and VTAS.
Marketed as part of ST Aerospace’s global network, AAA works in tandem with ST Aerospace's commercial pilot training academy, to offer an integrated suite of pilot training services to customers around the world.
ST Engineering said the capital injections are not expected to have any material impact on its consolidated net tangible assets per share and earnings per share for the current financial year.
The stock closed flat at $3.60 today.
going to have a further downfall tomolo??