For shareholders who hold the company’s shares, they will be provisionally allotted one new share for every five shares that they hold at the record date, which will be decided on.
Systems integrator CSE Global has announced a rights issue that is expected to raise net proceeds of $33.4 million for the company.
In an SGX filing on Oct 10, the company says it intends to issue over 102.4 million new ordinary shares at 33 cents per share.
