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CSE GLOBAL LIMITED Capital/Financing Update 2025

Aug 13, 2025

67599_rns_2025-08-13_528b9310-c40a-47c3-b7c7-103343669e48.pdf

Capital/Financing Update

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CSE GLOBAL LIMITED (Company Registration No. 198703851D) (Incorporated in Singapore)

ANNOUNCEMENT PURSUANT TO RULE 706A OF THE LISTING MANUAL

Pursuant to Rule 706A of the Listing Manual of Singapore Exchange Securities Trading Limited (“ SGX-ST ”), the Board of Directors of CSE Global Limited (the “ Company ”) wishes to announce the following changes that occurred during the six months ended 30 June 2025:

1. Liquidation of a dormant subsidiary - CSE Transtel Middle East FZE

The Company’s indirect wholly-owned subsidiary, CSE Transtel Middle East FZE, a company incorported in Dubai, has been duly liquidated pursuant to member’s voluntary liquidation.

2. Strike off a dormant subsidiary - CSE Transtel India Private Limited

The Company’s indirect wholly-owned subsidiary, CSE Transtel India Private Limited, a company incorported in India, has been duly struck off from the Register of Companies (India).

3. Merger and winding up of subsidiaries

As part of the Company’s ongoing restructuring plan, the following mergers of the Company’s indirect wholly-owned subsidiaries had taken place:

  • (a) Merger of CC American Oilfield, LLC into W-Industries of Texas, LLC

  • Merged entity: W-Industries of Texas, LLC

  • Winding up of CC American Oilfield, LLC

  • (b) Merger of Select Building Controls, LLC into W-Industries of Louisiana, LLC

  • Merged entity: W-Industries of Louisiana, LLC

  • Winding up of Select Building Controls, LLC

  • (c) Merger of Volta Properties, LLC, Volta Technologies, LLC and Volta Services, LLC into Volta, LLC

  • Merged entity: Volta, LLC

  • Winding up of Volta Properties, LLC, Volta Technologies, LLC and Volta Services, LLC

The strategic moves are aimed to streamline operations and enahancing efficiency within the organisation.

4. Increase in the capital of CSE Crosscom International Pte Ltd

The Company has increased its investment in CSE Crosscom International Pte Ltd (“CSE Crosscom International”), a wholly-owned subsidiary by subscribing for 11,392,550 new ordinary shares. The subscription was satisfied through the capitalisation of amount of S$11,392,550, which was owed by CSE Crosscom International to the Company.

Following the completion of the capitalisation exercise, the issued and paid-up share capital of CSE Crosscom International has increased from S$28,465,260 to S$39,857,810.

5. Increase in the capital of CSE Crosscom USA, Inc

CSE Crosscom International has increased its investment in CSE Crosscom USA, Inc (“CSE Crosscom USA”), an indirect wholly-owned subsidiary of the Company, through a subscription of 234 new shares issued by CSE Crosscom USA by capitalising an amount of USD8,500,000 due from CSE Crosscom USA, Inc to CSE Crosscom International.

Following the completion of the capitalisation exercise, the issued and paid-up share capital of CSE Crosscom USA has increased from USD20,993,028 to USD29,493,028.

6. Increase in the capital of CSE Hankin (China) Co. Ltd

The Company’s wholly-owned subsidiary,CSE Global (Asia) Pte Ltd has increased its investment in CSE Hankin (China) Co. Ltd (“CSE Hankin China”), an indirect whollyowned subsidiary of the Company, through a cash subscription of 136,000 new shares issued by CSE Hankin China.

Following this subscription, the issued and paid-up share capital of CSE Hankin China has increased from USD3,050,000 to USD3,186,000.

7. Increase in the capital of CSE Global (Americas) Pte Ltd

The Company has increased its investment in CSE Global (Americas) Pte Ltd (“CSE Global Americas”), a wholly-owned subsidiary, through a subscription of 49,650,379 new ordinary shares by capitalising an amount of S$49,650,379 due from CSE Global Americas to the Company.

Following the completion of the capitalisation exercise, the issued and paid-up share capital of CSE Global Americas has increased from S$233,319,880 to S$282,970,259.

The aforementioned transactions are not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company for the current financial year ending 31 December 2025.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the above transaction other than through their respective shareholding interest, if any, in the Company.

By Order Of The Board

Lai Kuan Loong, Victor Company Secretary 13 August 2025