- CSE has completed a proposed share placement at an issue price of S$0.40 (6.6% discount to the last traded price). The net proceeds of S$23.2m will be used to fund synergistic acquisitions in New Zealand, Australia and the US. We view this as a positive move given CSE’s good M&A track record.
- - Read this at SGinvestors.io -
CSE’s share placement saw strong demand from reputable institutional & accredited investors.
- On 25 Mar 24, CSE Global (SGX:544) completed a share placement held at an issue price of S$0.40 per share. The issue price is at a 6.6% discount to the last volume weighted average price of S$0.4281.
- - Read this at SGinvestors.io -
- CSE is heartened by the interest in the share placement and thankful to have the strong support from investors, which illustrates confidence in CSE’s growth potential. CSE sees opportunities arising on the back of megatrends such as urbanisation, electrification and decarbonisation.
Net proceeds intended to finance acquisitions.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-04-01
Previous report by UOB:
2024-02-29 CSE Global - 2023 Earnings Beat; Well Positioned For Stronger 2024.
Price targets by 2 other brokers at CSE Global Target Prices.
Listing of research reports at CSE Global Analyst Reports.
Relevant links:
CSE Global Share Price History,
CSE Global Announcements,
CSE Global Dividends & Corporate Actions,
CSE Global News Articles
