CSE Global
fully acquired the issued and outstanding membership interests of industrial power systems manufacturer Volta for US$25.1 million from individuals Bradley Davis and Julio Parpacen. The sum will paid in two tranches: an amount of US$22.9 million on Aug 30,2019 to the sellers, and an amount of US$2.2 million into an escrow account for the balance. CSE Global shares closed flat at S$0.44 on Monday.: The group on Monday after trading hours announced that its subsidiary Sen Yang Enterprise Co will9, on the back of recurring losses. However, Senyang will continue with the trading of tissue paper products.
at an issue price of S$0.153 each, as well as 22.5 million warrants at an exercise price of S$0.0153 each, to raise about S$6.88 million altogether, assuming all the warrants are exercised. The free, detachable, transferrable and non-listed warrants will be issued on the basis of one warrant for each placement share, with each warrant carrying the right to subscribe for one new share in the company.
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