ST Engineering’s land systems division makes capital injection into Brazilian manufacturing unit

SINGAPORE (Sept 15): ST Engineering said on Thursday that two subsidiaries of its land systems business, ST Kinetics, have injected a total of BRL 8 million ($3.3 million) into the capital of LeeBoy Brazil Equipamentos De Construção Ltda for working capital purposes.

LeeBoy Brazil is in the business of manufacturing LeeBoy branded road construction equipment for the Brazilian and Latin American markets.

Following the capital injection, the subsidiaries’ total investment in LeeBoy Brazil would increase to BRL 40 million.

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