Temasek unit acquires 25.03% stake in CSE Global

CSE hopes to leverage on Heliconia’s network and expertise to support its growth plans.

Temasek subsidiary Heliconia Capital Management has acquired a 25.03% stake in technology solutions provider CSE Global Limited through a married deal with Serba Dinamik International, according to an announcement.

CSE hopes to leverage on Heliconia’s network and expertise to support its growth plans.

Following the acquisition, Heliconia has requested that CSE consider the appointments of its chairman Lim How Teck and CEO Derek Lau as non-executive directors to the board.

CSE’s CEO Lim Boon Kheng said that the emergence of Heliconia as a substantial shareholder will bring the group to a stronger position to expand its businesses both in the Singapore and overseas markets with a strong institutional shareholder base.