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minichart
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06-Jan-2025 09:22
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CSE sold its U.S. facility in Texas to Gladstone Commercial Ltd for USD 29.25 million, with a net book value of USD 17.8 million. The sale is expected to generate a post-tax gain of USD 8.6 million, offsetting a one-time USD 8 million settlement incurred in September 2024. The company plans to lease back the property from the buyer for an estimated annual rental of USD 2.5 million.
 
CSE Global offers an attractive dividend yield of 6.3%, maintaining its historical payout of SGD 0.0275 per share. The company may conserve cash for potential mergers and acquisitions if lucrative targets arise.
 
https://www.minichart.com.sg/2025/01/06/cse-global-expands-us-presence-electrification-growth-and-profit-boost/
 
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