Singapore Stock Market News

SIA Engineering - Restructuring Rolls-Royce ventures

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Publish date: Tue, 24 Nov 2015, 11:27 AM
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■ SIE and Hong Kong Aircraft Engineering Company (HAECO) are divesting their cross-holding stakes in the Rolls-Royce maintenance centres to Rolls-Royce.

■ SIE's disposal of stake in HAESL will result in a net gain of S$186.8m while HAECO is selling its 20% stake in SAESL for US$270m (21x FY15 P/E).

■ Dividend payout from this divestment could catalyse the stock.
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