CSE Global Limited announced that it has secured a major contract variation worth USD 36.5 million (approximately SGD 49.2 million) in the Americas region. This is an extension to the first contract had secured in First Quarter 2022 for the data centre market. The scope is for the design, engineering, fabrication, installation and integration of power management systems and solutions, which is slated for execution from First Quarter 2024 to Fourth Quarter 2025.

For the current financial year, this contract is not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of the Group. None of the directors or substantial shareholders of CSE has any interest, direct or indirect, in the contract.