CSE Global, following a request from controlling shareholder Heliconia Capital, is undertaking a strategic review, after it received an indicative expression of interest from an unnamed party to "discuss a potential strategic transaction" in the company.
Heliconia, a subsidiary of Temasek Holdings, holds a 23.44% interest in the company.
CSE Global says it is appointing a financial adviser to assist in the review and that the review is at an early stage.
The company says the review has the aim of maximising shareholder value, which would include an analysis of strategic options available and an analysis of possible transactions involving CSE Global's shares and, or all or part of its business and assets.
CSE Global shares closed at $1.26 on March 5, down 1.56%.
