Asia/Pacific

ST Engineering sells shares in pilot training business in Australia

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ST Engineering sells shares in pilot training business in Australia

ST Engineering has sold all of its shares in Aviation Training Academy Australia Pty Ltd (ATAA) and ST Aerospace Academy (Australia) (STAA(A)) to Regional Express Holdings (REX Holdings). The share sale is completed at a cash consideration of $9.3 million on a cash-free and debt-free basis, which...

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