Stock News: ST Engineering may gain after buying 80 pct of MAK Tech

ST Engineering Ltd may gain after it said its unit Vision Technologies Kinetics Inc will acquire 80 pct of US-based MAK Technologies for 20 mln usd. MAK is engaged in simulation of sofware to link, simulate and visualize virtual worlds in a networked synthetic environment. "MAK Technologies will augment ST Electronics' simulation capabilities," ST Electronic president Seah Moon Ming said in a statement. Yesterday, ST Engineering closed up 0.03 sgd at 2.92.