Temasek-controlled ST Engineering's China unit files for bankruptcy

Temasek-controlled ST Engineering's China unit files for bankruptcy

Bionix AFV manufactured by ST Kinetics, a unit of ST Engineering.

Singapore Technologies Engineering (ST Engineering), a Singapore-listed technology, defense, and engineering group controlled by Temasek, announced that its subsidiary has filed a bankruptcy petition in China.

In a disclosure on Monday, ST Engineering said JHK, a road construction joint venture between ST Engineering’s land systems arm ST Kinetics and China’s state-owned enterprise Jiangsu Huatong Machinery Co, has filed a bankruptcy petition to the People’s Court of Dantu District in Zhenjiang, Jiangsu.

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