Friday, July 18, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Uncategorized

SIA Engineering to sell its entire stake in aerospace company for US$90,000

by Riah Marton
in Uncategorized
SIA Engineering to sell its entire stake in aerospace company for US,000
Share on FacebookShare on Twitter


AIRCRAFT maintenance provider SIA Engineering Company (SIAEC) will be selling its entire stake in Additive Flight Solutions, an aerospace additive company, to its joint-venture partner Stratasys.

Under the joint venture, Stratasys, an additive manufacturing company, owns 40 per cent of Additive Flight Solutions; it will purchase the remaining 60 per cent owned by SIAEC for US$90,000.

In a bourse filing on Thursday (Feb 8), SIAEC said the deal size was based on the net book value of Additive Flight Solutions, and was arrived at after arm’s-length negotiations on a willing-buyer, willing-seller basis. The deal also took into account the net asset value and financial performance of Additive Flight Solutions.

The sale has been completed, and Additive Flight Solutions is no longer a subsidiary of SIAEC.

Shares of SIAEC closed flat on Thursday at S$2.29.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.



Source link

Tags: aerospaceCompanyEngineeringEntireSellSIAStakeUS90000
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
Free Webinar | February 22: How to Make the Leap From the Corporate World to Entrepreneurship | Entrepreneur

Free Webinar | February 22: How to Make the Leap From the Corporate World to Entrepreneurship | Entrepreneur

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In