CSE Global Limited announced that it has secured two major contracts worth $57.6 million in the Americas region. The first major contract is for the design, engineering, fabrication, installation and integration of complex electrical and mechanical systems and solutions for the data-centre market, which is slated for execution from second quarter 2022 to fourth quarter 2023. The second major contract, which has a duration of 3 years concluding on 31 December 2024, relates to the maintenance and refurbishment of building management control systems for an offshore facility.

For the current financial year, these contracts are 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 contracts.