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Incorporation Of A New Subsidiary

BackJul 09, 2004
The Board of Directors of CSE Global Limited (the "Company") wishes to announce that the Company has incorporated a wholly-owned subsidiary, details of which are as follows:
Name of Company: CSE-Global (Australia) Pty. Ltd.


Country of incorporation and operation: Australia
Authorized Capital: A$4,000,000
Issued and paid-up capital: A$2, to be increased to A$4,000,000
(par value A$1 each)
Principal activities: To provide industrial automation, telecommunication and electrical engineering solutions to clients globally.

The above investment will be funded through internal resources and is not expected to have any material impact on consolidated net tangible assets and earnings per share of the Company for the current financial year.

None of the Directors or controlling shareholders of the Company has any interests, direct or indirect, in the above investment.

This is a non-disclosable transaction under Chapter 10 of the Stock Exchange Securities Trading Limited Listing Manual.
 
 
Published: Friday, 9 July 2004
Publication: SGX

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202 Bedok South Avenue 1 Building C, #01-21 Singapore 469332

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CSE Global Ltd is a public listed company registered in Singapore Reg No. 198703851D.