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Idea Of The Day - CSE Global
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Publish date: Mon, 15 Jun 2015, 12:24 PM
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CSE Global (S$0.585, unchanged) has disposed its 66% shareholding in Power Diesel (PD) to IMR Power Pte Ltd (IMR) for S$15.47mln. CSE Global's single largest shareholder, Founder and ex-Chairman Mr Tan Mok Koon (owns 13.02% of CSE Global) and Vivek Mohan Dixit have also sold their 32% and 2% respective shareholdings in PD to IMR.
PD is a private limited company incorporated in Singapore on 22 Nov'04 and is in the business of inspection, maintenance, repair, overhaul of diesel and marine engines and associated mechanical equipment onboard vessels and offshore installations in the marine and offshore industry. Key customers of PD operate in the energy and mining business segments.
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