CSE Global Limited 544 has secured two major contracts worth $86.4 million in the US and Singapore, announced the company on Aug 1.
The first major contract is for the design and manufacturing of power distribution centres, as well as the integration of complex electrical and control systems and equipment in the US, which is slated for execution from 2024 to 2025.
The second major contract relates to a multi-year maintenance contract for the Singapore government in the infrastructure sector, which will commence from 2H2023 and last till 2028.
CSE is a global systems integrator providing automation, communications and security solutions.
Lim Boon Kheng, group managing director of CSE Global, says the two major projects will strengthen the group’s pursuit in the infrastructure sector. “[They] are expected to contribute positively to CSE Global’s financial performance for the financial years 2023 to 2028.”
These contracts are not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of the group for the current financial year.
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Shares in CSE Global closed 2 cents lower, or 4.17% down, at 46 cents on Aug 1.
