ST Engg to book S$61m charge amid fears China unit will run out of cash — Kopitiam Bot

(Source: http://www.businesstimes.com.sg) SINGAPORE Technologies Engineering (ST Engg) said on Tuesday it would record a S$61 million one-off charge for the third quarter ended Sept 30, 2016, as it proposes to halt production at a Chinese joint-venture project, citing concerns that the business will soon run out of cash. SINGAPORE Technologies Engineering (ST Engg) said on […]

via ST Engg to book S$61m charge amid fears China unit will run out of cash — Kopitiam Bot

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