At the current price of 1.01 and after deducting 28 cents special dividend, does that mean each CSE share is only worth 73 cents? This does not make sense as CSE should be worth at least 80 cents in future.
The Board of Directors (the Board) of CSE Global Limited (the Company) refers to its announcement dated 28 November 2013 in respect of the proposed divestment of the Company's entire shareholding interest in Servelec Group plc.
The Company is pleased to inform its shareholders that the initial public offering of the Servelec Group plc shares was successfully completed on 2 December 2013, and the shares of Servelec Group plc were listed for trading on the London Stock Exchange on 2 December 2013.