CSE Global (SGX:544) has launched a strategic review at the request of controlling shareholder, Heliconia Capital Management, and the receipt of a preliminary indicative expression of interest from an undisclosed party to discuss a strategic transaction.
The aim of the review is to maximize shareholder value, according to a Thursday filing with the Singapore Exchange.
The company stated it's appointing a financial adviser for its strategic review, but cautioned that a deal isn't guaranteed.
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