ST Engineering's lands systems arm injects S$2.3m capital into LeeBoy India

Its total share capital now up to S$16.2m.

Singapore Technologies Engineering Ltd announced that SDG Kinetics Pte Ltd, a wholly owned subsidiary of its land systems arm, Singapore Technologies Kinetics Ltd, has injected INR101.2m (about S$2.3m) into the capital of LeeBoy India Construction Equipment Private Limited as part of the progressive planned investment into LeeBoy India.

This brings SDGK’s total share capital contribution in LeeBoy India to INR635.5m (about S$16.2m). SDGK’s shareholding in LeeBoy India remains unchanged at 97.9%.

This injection of capital into LeeBoy India 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.

LeeBoy India is located in Bangalore, India, and manufactures and distributes a range of products in the construction equipment space, including Motor Graders, Crawler Excavators, Backhoe Loaders, Concrete Batching Plants and Asphalt Pavers.

Also Read

Institution of Engineers sets up new board to promote faster chartership registration

Hanwha raises offer to $0.67 to acquire full control of Dyna-Mac Holdings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit