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S'pore's ST Engineering in China aircraft repair venture

Sun Dec 23, 2007 6:15pm EST

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SINGAPORE, Dec 24 (Reuters) - Singapore Technologies Engineering (STEG.SI) said on Monday it will set up a joint venture aircraft engine maintenance, repair and overhaul facility in Xiamen, China.

ST Engineering will own 80 percent of the $78 million joint venture while Xiamen Aviation Industry will hold the remaining 20 percent, the Singapore firm said in a statement to the stock exchange. (Reporting by Kevin Lim; Editing by Valerie Lee) (kevin.lim@reuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)


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