Serba Dinamik, a Malaysian engineering firm, is now represented on CSE Global’s board by Dato Karim, group managing director and deputy chairman of Serba Dinamik Holdings Bhd. He sits on CSE Global’s board as its deputy chairman.
SINGAPORE (July 7): Serba Dinamik International, just over two years after taking a stake of around 25% in engineering firm CSE Global, has exited from the investment by selling the whole chunk to Heliconia Capital Management for the same price it paid at 45 cents each.
Heliconia, via the various funds it manages, bought the CSE Global shares from Serba Dinamik via a married deal. The fund management firm, a subsidiary of Temasek Holdings, has asked for two board seats: one for Lim How Teck, chairman of Heliconia and Derek Lau, Heliconia’s CEO.
