Singapore Technologies Engineering Ltd. announced that it has set up a new entity, ST Engineering Treasury Pte Ltd. (STET), with a paid-up capital of SGD 2 in Singapore. STET will provide treasury services, including centralized liquidity and financial risks hedging management to companies within the ST Engineering Group. The setting up of the new company is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.