CSE Global Limited Announces Subsidiary Changes, Capital Injection, and Corporate Restructuring

Key Highlights for Investors

• Subsidiary Name Change: Astib Group Pty Ltd, an indirect wholly-owned Australian subsidiary, has been renamed Logic Technologies Pty Ltd.
• Subsidiary Mergers and Winding Up: Epic Automation, LLC has been merged into Epic Engineering, LLC as part of ongoing restructuring. Epic Automation, LLC has been wound up.
• Capital Injection into China Subsidiary: CSE Global (Asia) Pte Ltd has injected further capital into CSE Hankin (China) Co. Ltd, increasing its share capital by USD 155,700 through new shares.
• Liquidation of Dormant Subsidiary: Transtel Engineering (Tianjin) Co. Ltd, a dormant China-based subsidiary, has been voluntarily liquidated.
• Financial Impact: The company states that these changes are not expected to have a material impact on the group’s net tangible assets per share or consolidated earnings per share for the financial year ended 31 December 2025.
• Insider Interests: No directors or controlling shareholders have any direct or indirect interest in these transactions, apart from their shareholding stakes in the company.

Details of Corporate Developments

1. Renaming of Subsidiary

CSE Global Limited has renamed its indirect wholly-owned subsidiary in Australia from Astib Group Pty Ltd to Logic Technologies Pty Ltd. This rebranding is part of the group’s ongoing efforts to align its business units and brands, potentially signaling a strategic repositioning or refocusing of its Australian operations.

2. Merger and Streamlining of U.S. Subsidiaries

As part of a broader restructuring plan aimed at improving operational efficiency, Epic Automation, LLC has been merged into Epic Engineering, LLC. Following this, Epic Automation, LLC has been formally wound up. These actions are intended to streamline the company’s structure, reduce administrative overheads, and enhance overall efficiency within the organization.

3. Capital Increase in China Subsidiary

In a move that may reflect a commitment to growth in the Chinese market, CSE Global (Asia) Pte Ltd, a wholly-owned subsidiary, has increased its investment in CSE Hankin (China) Co. Ltd. The capital injection was executed via a cash subscription for 155,700 new shares, raising the issued and paid-up share capital from USD 3,186,000 to USD 3,341,700. This increase could bolster the subsidiary’s operational capacity and financial flexibility in China.

4. Liquidation of Dormant China Subsidiary

The company has also completed the voluntary liquidation of Transtel Engineering (Tianjin) Co. Ltd, an inactive indirect wholly-owned subsidiary in China. This action is part of ongoing efforts to optimize the group’s corporate structure and eliminate dormant entities.

Potential Share Price Impact

While these announcements reflect ongoing efforts to streamline operations, optimize capital allocation, and potentially strengthen the company’s position in key markets, CSE Global Limited has clarified that these transactions are not expected to have any material impact on consolidated net tangible assets or earnings per share for the financial year ended 31 December 2025.

However, investors should note that the restructuring and capital injection may improve operational efficiency and support future growth, particularly in China. These strategic moves may enhance shareholder value over the longer term, but are not expected to result in an immediate share price movement based on the company’s assessment.

Other Information

There is no involvement or interest, direct or indirect, from any directors or controlling shareholders in these transactions, apart from their respective shareholding interests in the company.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should perform their own due diligence and consult their financial advisor before making any investment decisions. CSE Global Limited’s announcements do not guarantee future performance, and the company’s assessment of materiality does not preclude unforeseen impacts on share price.

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