CSE Global (SG:544) has released an update.
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CSE Global Limited has announced a significant contract variation worth US$36.5 million to enhance power management systems for the data centre market in the Americas. This extension of their previous contract will be executed from the first quarter of 2024 to the end of 2025, aiming to double the company’s manufacturing and integration capacity to meet the growing demand for cloud services. Although this contract is not expected to materially impact the current year’s financials, it is anticipated to positively affect the company’s performance in 2024-2025.
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