SINGAPORE - Mainboard-listed technology solutions provider CSE Global said Heliconia Capital Management, a wholly-owned subsidiary of Temasek Holdings, has emerged as its substantial shareholder following the acquisition of a 25.03 per cent stake through a married deal with Malaysia's Serba Dinamik International Ltd.. Read more at straitstimes.com.
SINGAPORE - Mainboard-listed technology solutions provider CSE Global said Heliconia Capital Management, a wholly-owned subsidiary of Temasek Holdings, has emerged as its substantial shareholder following the acquisition of a 25.03 per cent stake through a married deal with Malaysia's Serba Dinamik International Ltd.
Following the acquisition, Heliconia has requested that CSE Global consider appointing its chairman Lim How Teck and its and chief executive officer Derek Lau as non-executive directors to its the board of directors. The request is currently being reviewed by the CSE Global's nominating committee and the board.
CSE Global focuses on providing and installing a variety of control systems, as well as turnkey telecommunication network and security solutions, for the oil and gas, infrastructure and mining industries. It has also extended its capabilities to new growth areas such as the Smart Cities projects.
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Temasek unit now a substantial shareholder of CSE GlobalGLOBAL technology solutions provider CSE Global on Tuesday announced that Heliconia Capital Management, an investment firm owned by Temasek Holdings, has emerged as its substantial shareholder following the acquisition of a 25.03 per cent stake through a married deal with Serba Dinamik International Ltd. Read more at The Business Times.
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