Interested Person Transactions The Company has in place procedures to ensure that all transactions with interested persons are reported in a timely manner to the ARC for its review. There was no shareholder mandate obtained for interested person transaction for the financial year under review. There was also no interested person transactions for the financial year under review. Material Contracts Pursuant to the requirements as stipulated under Rule 1207(8) of the Listing Rules, except for the interested person transactions disclosed under item 17, there were no material contracts of the Company or its subsidiary companies involving the interests of any Directors of the Company, the Managing Director of the Company or any controlling shareholders of the Company or their associates, either still subsisting at the end of the financial year or if not then subsisting, entered into since the end of the previous financial year. Update on the use of the Proceeds from Placement of 60 million new shares As at the date of this report, the net proceeds of S$23.2 million had been fully utilised for the acquisition of RFC Wireless, Inc and Chicago Communications, Inc. REPORT ON CORPORATE GOVERNANCE 60 CSE GLOBAL LIMITED
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