CSE Global ( (SG:544) ) has provided an announcement.
CSE Global Limited announced significant capital increases in its subsidiaries, CSE Crosscom International, CSE Crosscom USA, and Industrias W de Mexico, through the capitalization of outstanding amounts owed to the parent company. These capitalizations significantly boost the financial standing of the subsidiaries, with CSE Crosscom International’s capital increasing to S$28,465,260, CSE Crosscom USA’s to USD20,993,028, and Industrias W de Mexico’s to USD11,160,905. The transactions are not expected to materially impact the company’s consolidated net tangible assets or earnings per share for the financial year ending December 31, 2024.
More about CSE Global
CSE Global Limited, incorporated in Singapore, operates in the technology and engineering industry, focusing on providing integrated solutions in the fields of automation, telecommunications, and environmental sectors. The company is known for its expertise in delivering large-scale engineering projects and services across various markets globally.
YTD Price Performance: 20.62%
Average Trading Volume: 1,558
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $239.4M
For detailed information about 544 stock, go to TipRanks’ Stock Analysis page.