CSE Global Limited (SGX:544) will look for acquisitions. CSE Global plans to raise funds to pursue further growth through acquisitions or investments in its existing markets, including the United States, Australia and New Zealand. The company unveiled plans to raise $24 million via the placement of 60 million new shares at 40 cents each in a March 14 filing.

The issue price represents almost a 7% discount to the company?s volume-weighted average price of 42.81 cents. This will allow it to raise net proceeds of $23.15 million after fees and miscellaneous expenses. The company said it intends to use the proceeds of the rights issue to finance potential strategic acquisitions and investments in Australia, New Zealand and the US.

It did not mention any specific acquisition target.