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Things looking up for CSE Global despite lack of JV projects with Serba Dinamik

Amala Balakrishner
Amala Balakrishner4/18/2019 11:44 AM GMT+08  • 2 min read
Things looking up for CSE Global despite lack of JV projects with Serba Dinamik
SINGAPORE (April 18): When Malaysian engineering firm Serba Dinamik Holdings became the largest shareholder in systems integrator CSE Global last year, both parties talked about how they could work on projects together.
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SINGAPORE (April 18): When Malaysian engineering firm Serba Dinamik Holdings became the largest shareholder in systems integrator CSE Global last year, both parties talked about how they could work on projects together.

But one year on, no joint venture projects have been announced, as the companies are still trying to better understand each other’s capability.

In April 2018, Serba paid eight CSE shareholders 45 cents per share, a 15% premium over the market price then, for a combined stake of 24.8%. Both companies, with their engineering focus, are seen as complementary in terms of market reach.

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