Serba Dinamik buys 24.8% stake in SGX-listed CSE Global

The energy engineering solutions company said the proposed acquisition could open doors for it to secure up to RM560mil worth of engineering, procurement, construction and commissioning (EPCC) jobs, as well as earn dividend payments.

KUALA LUMPUR: Serba Dinamik Holdings Bhd has agreed to acquire close to a quarter the shares in Singapore listed technology firm CSE Global Ltd for RM170.6mil, as the home-grown company seeks to expand its international reach.

The move will give Serba Dinamik a stake in a profitable company with its own financial capabilities and ready order books without the requirement for further capital injection.