CSE Global Bags US Contract Worth $144 Million for Power Management Systems; Shares Up 5%

MT Newswires

01/02

CSE Global (SGX:544) secured contract variations from the U.S. worth $143.5 million for power management systems, according to a Thursday filing with the Singapore Exchange.

Shares of the global systems integrator were up nearly 5% in Friday trading.

The contract is intended for the design, engineering, fabrication, installation and integration of power management systems and solutions intended for the American data center market.

The deal is an extension to an existing contract with a hyperscaler customer.

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