| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CSE GLOBAL LTD |
| Company Registration No. | 198703851D |
| Announcement submitted on behalf of | CSE GLOBAL LTD |
| Announcement is submitted with respect to * | CSE GLOBAL LTD |
| Announcement is submitted by * | Tan San-Ju |
| Designation * | Company Secretary |
| Date & Time of Broacast | 21-May-2012 17:19:07 |
| Announcement No. | 00048 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | CSE REFINANCED PART OF ITS SHORT-TERM BORROWINGS |
| Description | Singapore (21 May, 2012) - CSE Global Ltd (CSE) has today refinanced part of its short-term borrowings with a S$120.0 million 3-year facility from DBS Bank Ltd, Oversea-Chinese Banking Corporation Limited, The Hongkong and Shanghai Banking Corporation Limited and United Overseas Bank Limited as Arrangers. Assuming that CSE utilizes the new facility as at 31 March 2012, CSE has 100% of its net borrowings of S$70.0 million (after taking account the S$52.9 million of cash, bank balances and short-term deposits) repayable after one (1) year. The refinancing will not have any material impact on CSE's profit for the financial year and CSE's net gearing of 30.2% as at 31 March 2012 remains unchanged. By Order of the Board Tan San-Ju Company Secretary 21 May 2012 |
© 2012 SGX News
