SIA Engineering Co Signs JV With NYSE-Listed Eaton

8
Comment
Favorite

SIA Engineering Co Signs JV With NYSE-Listed Eaton

The Edge Singapore2023-07-11

SIA Engineering Company (SIAEC) and NYSE-listed Eaton have signed an agreement to form a component maintenance, repair and overhaul joint venture (JV) on July 11.SIAEC will hold a 49% stake in the JV ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1118874682?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-07-11 10:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1118874682","market":"sg","top_or_hot":-1,"title":"SIA Engineering Co Signs JV With NYSE-Listed Eaton","media":"The Edge Singapore","content":"<div>\n<p>SIA Engineering Company (SIAEC) and NYSE-listed Eaton have signed an agreement to form a component maintenance, repair and overhaul joint venture (JV) on July 11.SIAEC will hold a 49% stake in the JV ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/aviation-engineering/sia-engineering-co-signs-jv-nyse-listed-eaton\">Source Link</a>\n\n</div>\n","source":"lsy1655096814160","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SIA Engineering Co Signs JV With NYSE-Listed Eaton</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSIA Engineering Co Signs JV With NYSE-Listed Eaton\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-11 10:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/aviation-engineering/sia-engineering-co-signs-jv-nyse-listed-eaton><strong>The Edge Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SIA Engineering Company (SIAEC) and NYSE-listed Eaton have signed an agreement to form a component maintenance, repair and overhaul joint venture (JV) on July 11.SIAEC will hold a 49% stake in the JV ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/aviation-engineering/sia-engineering-co-signs-jv-nyse-listed-eaton\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S59.SI","symbol_name":"新航工程","start_time":0,"source_url":"https://www.theedgesingapore.com/news/aviation-engineering/sia-engineering-co-signs-jv-nyse-listed-eaton","article_id":"1118874682","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118874682","pubTimestamp":1689041087,"sourceInfo":{"source_id":"lsy1655096814160","name":"The Edge Singapore"},"weMediaInfo":null,"summary":"$SIA Engineering Company(S59.SI)$ (SIAEC) and NYSE-listed Eaton have signed an agreement to form a component maintenance, repair and overhaul joint venture (JV) on July 11.SIAEC will hold a 49% stake ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"S59.SI":"新航工程"},"translate_title":"新航工程公司与在纽约证券交易所上市的伊顿签署合资协议","themeId":"8dd8b3510ee24ff1ba7734bf3b11b502","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"S59.SI":1.1},"content_text":"SIA Engineering Company (SIAEC) and NYSE-listed Eaton have signed an agreement to form a component maintenance, repair and overhaul joint venture (JV) on July 11.SIAEC will hold a 49% stake in the JV while Eaton will hold the remaining 51%.The JV, which has an initial issued and paid-up share capital of US$16 million ($21.5 million), will inspect, test, repair, maintain, modify and overhaul Eaton-manufactured aircraft components installed on airframe and engine fuel systems and hydraulics systems.It will also build presence and service capacity for Eaton and SIAEC’s customers in the Asia Pacific region, according to the joint statement by SIAEC and Eaton.The agreement and services to be provided are subject to the receipt of required regulatory approvals.“The relationship with Eaton in Malaysia is strategic for SIAEC as we have been growing component capabilities and increasing the competitiveness of our component power-by-the-hour product offering. This JV will be an important platform to build capabilities on new-generation aircraft and will complement our existing portfolio of engine and component JVs with other leading original equipment manufacturers,” says Ng Chin Hwee, SIAEC’s CEO.“This new venture will combine SIAEC’s experience and well-respected position in the region with Eaton’s global reach and existing customer base,” says Nanda Kumar, president, aerospace group, Eaton. “We look forward to building our regional presence to serve customers throughout the product lifecycle in this growing market.”The transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of the SIAEC group for the FY2023/2024 ending March 31, 2024.Shares in SIAEC closed at $2.46 on July 10.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}