SINGAPORE (June 11): The market has reacted positively to the rise of a new single-largest shareholder at CSE Global, a systems integrator in the oil and gas and public infrastructure sectors. On April 13, Serba Dinamik International, a wholly-owned subsidiary of Malaysian O&G and energy solutions provider Serba Dinamik Holdings, emerged with a 24.8% stake in CSE. It had acquired the stake from eight shareholders at a 15% premium to the previous day’s closing price. CSE’s shares, which plunged by more than a third after the oil slump in 2014, are up 7% following Serba’s entry.

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