CSE Global bags three electrification contracts valued at US$124.6 million
Contracts are for the design and manufacture of power distribution centres, and the integration of electrical and control systems and equipment
[SINGAPORE] Global electrification and automation solutions provider CSE Global on Monday (Dec 15) said it secured three major contracts worth US$124.6 million in the US.
The contracts are for the design and manufacture of power distribution centres, and the integration of complex electrical and control systems and equipment for the liquefied natural gas (LNG) market.
They are scheduled to be executed between 2026 and 2028.
Lim Boon Kheng, group managing director and chief executive officer of CSE Global, noted that the LNG market in the US is experiencing “rising demand” at present.
“Providing electrification solutions... will bolster our pursuit for growth across the electrification business segment. These contracts are expected to contribute positively to (the group’s) financial performance for FY2026 to FY2028,” he added.
A company bourse filing on Monday stated that the contracts are not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of the group for the current financial year.
CSE Global ended trading on Monday at S$0.905, down S$0.02 or 2.2 per cent, before the announcement.
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