-- SIA Engineering Company Limited (“SIAEC”) wishes to announce that SIAEC’s acquisition of a 30% equity stake in the enlarged share capital of Arport Aircraft Maintenance & Engineering (Fujian) Co., Ltd. (“Arport AME”) (the “Transaction”) has been completed on 26 August 2026. All the conditions precedent for the completion of the Transaction have been fulfilled.
This follows SIAEC’s announcement on 17 March 2026 of the signing of the agreements by SIAEC and SIAEC Global Private Limited (“SIAEC Global”), which is a wholly-owned subsidiary of SIAEC, with Arport AME, Xiamen Iport Group (“IPORT Group”) and the direct shareholders of Arport AME to effect the Transaction and establish an MRO joint venture in Fujian, China.
With the completion of the Transaction, Arport AME has become an associated company of SIAEC, with Arport (Xiamen) International Airport Co., Ltd. (“Arport Xiamen”) and Arport (Fuzhou) International Airport Co., Ltd. (“Arport Fuzhou”) holding the remaining 38.5% and 31.5% of the share capital of Arport AME, respectively.
The Transaction is not expected to have a material impact on the consolidated net tangible assets per share or the earnings per share of the SIAEC Group for the financial year ending 31 March 2027. None of the Directors and controlling shareholders of SIAEC has any interest, direct or indirect, in the Transaction, other than through their shareholdings (if any) in SIAEC.
By Order of the Board
Lu Ling Ling
Company Secretary
26 August 2026
Singapore
About SIA Engineering Company (Company Registration No. 198201025C) www.siaec.com.sg
SIA Engineering Company (SIAEC) is a major provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. SIAEC has a client base of more than 80 international carriers and aerospace equipment manufacturers. It provides line maintenance services at over 30 airports in 9 countries, as well as airframe, engine and component services on some of the most advanced and widely used commercial aircraft in the world.
The 26 subsidiaries and joint ventures with original equipment manufacturers and strategic partners in Singapore, Cambodia, China, Indonesia, Japan, Malaysia, Philippines, the United States of America and Vietnam increase the depth and breadth of the Company’s service offerings. SIAEC has approvals from 27 national aviation regulatory authorities to provide MRO services for aircraft registered in the United States of America, Europe, China and other countries.
About Xiamen Iport Group Co., Ltd
Xiamen Iport Group Co., Ltd, (“IPORT Group”) a modern state-owned enterprise, ranks among China’s top 500 multinational enterprise groups. It is engaged in the business of services and investment holding of trans-national and diversified businesses, primarily in four sectors: aviation management, logistics and supply chain business, tourist hotels and the development and management of ports in economic zones.
IPORT Group, through its subsidiary Arport AME, delivers line maintenance and ground services for airlines operating at Xiamen, Fuzhou, Wuyishan and Longyan airports in Fujian province. In addition to line maintenance and ground services, Arport AME will also provide base maintenance services at the upcoming Xiamen Xiang’an airport.
For more information, please contact:
Tan May Lyn
Manager Corporate
SIA Engineering Company Limited
Tel: (65) 6548 1157
E-mail: [email protected]
Release ID: 89202649
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