CSE Global (SG:544) has released an update.
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CSE Global Limited has successfully raised S$24 million through a share placement that was well received by institutional and accredited investors, issuing 60 million new shares at a slight discount. The funds will be used to fuel the company’s expansion plans, including strategic acquisitions and investments to capitalize on major trends like urbanization and decarbonization. This financial move comes on the heels of a strong financial year, with CSE Global posting a significant increase in revenue and net profit, alongside a robust order book.
For further insights into SG:544 stock, check out TipRanks’ Stock Analysis page.
