CSE Global

[¯|_(ツ)_/¯]

brought@45cents
https://links.sgx.com/FileOpen/_Form_3_-...eID=623119

Wear mask and keep your distance, please.

[weijian]

brought@45cents
https://links.sgx.com/FileOpen/_Form_3_-...eID=623119

Wear mask and keep your distance, please.

Not withstanding the dividends, but it seems like Serba Dinamik didn't make much money on this for the past few years. I had thought that Serba Dinamik would have provided some sort of validation to CSE Global in general, as they themselves are an engineering outfit as well.

Most mid-cap listed engineering firms have CEOs with engineering background. For CSE Global, it is an outlier as the CEO was an accountant and then CFO. I guess with CSE Global as a serial acquirer, maybe an accounting background would actually give better asset allocation capabilities.

[¯|_(ツ)_/¯]

cse@54
1H2021 result with 1.25 cents dividend
https://links.sgx.com/FileOpen/CSE_Globa...eID=678250

https://drive.google.com/open?id=1YHVKMQ...9R8cKbUYxm
Stay home and stay safe, everyone.

[BlueKelah]

cse@54
1H2021 result with 1.25 cents dividend
https://links.sgx.com/FileOpen/CSE_Globa...eID=678250

https://drive.google.com/open?id=1YHVKMQ...9R8cKbUYxm
Stay home and stay safe, everyone.

nice cash cow that will keep on churning out dividends for years to come

[weijian]

Chairman Lim is 76 years old, has a 0.007% stake in the company and has been on the BOD since AFC97. But despite the 9year hard rule for ID, he has decided to offer his valuable long services to the company via the NEID designation.

But it seems like the other NEIDs are not of the same tune and they (Temasek) have abstained from the voting. And with the abstain, (Ex)Chairman Lim can now enjoy his retirement.

RE-ELECTION OF DIRECTOR – RESOLUTION 3

Mr Lim Ming Seong had signified his consent to continue in office and will upon re-election as a Director of the Company, be re-designated as Non-Executive Non-Independent Director as Mr Lim has served on the Board for more than 9 years. If re-elected, Mr Lim will continue to be the Chairman of the Company and the appropriate changes such as the appointment of a Lead Independent Director and changes to the composition of the board committees will be announced after the AGM

Number of valid votes “For” : 47,663,059 (44.59%)
Number of valid votes “Against” : 59,236,781 (55.41%)
Total number of valid votes received : 106,899,840

Based on the results, the Chairman declared the ordinary resolution not carried. As the resolution was not carried, Mr Lim Ming Seong will retire from his office as a Director at the conclusion of the AGM.

https://links.sgx.com/FileOpen/CSE_Globa...eID=804673

[Shrivathsa]

CSE global announcement that arbitration proceedings will result in payment of 8 million and will affect results, half year profit is 15 million. 

https://investors.sgx.com/company-disclo...DNHZ8QHODP