CSE Global conducts strategic review, still seeking financial advisor | Lianhe Zaobao

About a month ago, CSE Global announced that it would conduct a strategic review at the request of its major shareholder. It is currently seeking financial advisors to assist the company in the strategic review and reiterated that the strategic review is still in its early stages, and the board has not discussed potential strategic transactions with companies that previously expressed interest. CSE Global, a system integrator listed on the Singapore Exchange's main board, updated information regarding the strategic review on Saturday morning (April 4). Compared to the 2.08% increase in the Straits Times Index during the same period, CSE Global's stock price has fallen by approximately 6.3% over the past month, closing at SGD 1.18 this week. After announcing the strategic review on March 5, its stock price rose as much as 12.7% to SGD 1.42 the following day during trading. According to previous disclosures, CSE Global announced the strategic review at the request of its major shareholder, Heliconia Capital Management, with the aim of maximizing shareholder value. This involves analyzing potential strategic options for the company, as well as possible transactions involving the company's equity or parts of its business and assets. This is because the company has received a non-binding proposal from a party wishing to discuss potential transactions related to the company. Further Reading CSE Global's net profit increased by 42% to SGD 37.5 million last year CSE Global's fourth-quarter orders doubled, rising 7% in early trading Heliconia Capital Management is a subsidiary of Temasek, and CSE Global did not disclose the identity of the interested party. When expressing interest, the party did not provide further details regarding the scope of the transaction or any indicative pricing CSE Global reiterated on Saturday that this strategic review does not guarantee the conclusion of any final agreements or the execution of any transactions. The company will make disclosures if there are any significant developments