CSE GLOBAL LIMITED
CSE Global Limited is a Singapore-incorporated public company registered with the Accounting and Corporate Regulatory Authority (ACRA) under UEN 198703851D. Its registry status is currently recorded as live. The company was incorporated on 2 November 1986, building on engineering-projects operations that had begun in 1985 as part of the Chartered Electronics Industries group; a management buyout completed in January 1997 established the business as an independent, group-owned company ahead of its stock market listing.
CSE Global Limited operates as a systems integrator, designing, engineering, installing and maintaining electrification, communications and automation solutions for energy, utilities, infrastructure and industrial customers. Its work covers control and automation systems, power and electrification projects, and communications and security infrastructure, delivered mainly through regional operating subsidiaries rather than directly by the Singapore parent company itself.
According to its FY2025 annual report, the group operated around 61 offices across 14 countries, including Singapore, Malaysia, Indonesia, Australia, New Zealand, the United States, Mexico, the United Kingdom, China and Taiwan, and employed approximately 2,000 people as at 31 December 2025.
CSE Global Limited has been listed on the Singapore Exchange since 1999, when it first listed on SESDAQ before moving to the SGX Mainboard in 2000; its shares trade under the ticker code 544. For the financial year ended 31 December 2025, the group reported consolidated revenue of approximately S$968.9 million, an increase of 12.5% year-on-year, consolidated net profit of approximately S$37.5 million, and a year-end order book of S$709.5 million, according to its FY2025 results announcement and annual report. These figures are reported on a consolidated group basis and should not be read as the unconsolidated results of CSE Global Limited as a standalone legal entity.
In April 2026, CSE Global Limited announced the appointment of a financial adviser as part of a strategic review of the group, which remained under way as at the most recent public update reviewed for this profile.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of CSE Global Limited
CSE Global Limited is a Singapore Exchange (SGX) Mainboard-listed company, and its shareholder disclosure follows the substantial-shareholder and largest-shareholder reporting model used for listed companies rather than a complete share register. Per its Annual Report 2024, the twenty largest shareholders as at 13 March 2025 held 462,748,535 shares between them, representing 65.97% of total shareholdings, out of a base the company has separately reported as around 5,441 registered shareholders. The largest named holders in that list are Orchid 3 Investments VCC (13.84%), Orchid 2 Investments Pte Ltd (9.60%), Citibank Nominees Singapore Pte Ltd (7.67%), Raffles Nominees (Pte.) Limited (6.32%) and HSBC (Singapore) Nominees Pte Ltd (4.44%). The nominee entries in this list (Citibank Nominees, Raffles Nominees, DBS Nominees, HSBC Nominees and similar) are custodian accounts that hold shares on behalf of multiple underlying investors whose individual identities and holdings are not disclosed at the nominee level.
Orchid 2 Investments Pte Ltd and Orchid 3 Investments VCC are reported, in aggregate, as an interest held pursuant to Section 4 of Singapore’s Securities and Futures Act by Heliconia Capital Management Pte Ltd, which controls the disposal of their CSE Global shares as general partner of associated SME Fund II and SME Fund III vehicles. Reported in June 2026 in connection with a board-level dispute, this combined Orchid 2/Orchid 3 stake, at approximately 23.79% of the company, was described in reputable financial press coverage as CSE Global Limited’s single largest and controlling shareholder interest.
Ultimate beneficial ownership
No natural-person Ultimate Beneficial Owner (UBO) can be reliably identified from the sources reviewed for this profile. The shareholders and nominee accounts disclosed for CSE Global Limited are all corporate or institutional entities rather than natural persons. Heliconia Capital Management Pte Ltd, which controls the largest reported shareholding interest through Orchid 2 Investments Pte Ltd and Orchid 3 Investments VCC, is itself reported to be an indirect subsidiary within the Temasek Holdings (Private) Limited group of companies, but the complete ownership chain and the percentage holding at each intermediate tier were not confirmed in the sources reviewed, so no calculated effective UBO percentage is presented here.
Data availability
Shareholder disclosure for CSE Global Limited is major-shareholders-only: as an SGX-listed company it publicly discloses its twenty largest registered shareholders and any interest crossing the substantial-shareholder disclosure threshold, but not a complete register of all approximately 5,441 shareholders. Separately, the shareholder data on file for this company in the site’s own registry snapshot, showing a small number of United States mutual funds (including a purported 60.5% holding by a single fund) as CSE Global Limited’s principal shareholders, could not be corroborated against the company’s SGX filings or annual report and appears inconsistent with the independently verified largest-shareholder and substantial-shareholder disclosures described above.
Sources
- Accounting and Corporate Regulatory Authority (ACRA), Singapore – company registry record – retrieved September 2026
- CSE Global Limited, Annual Report 2024, Shareholding Statistics (Twenty Largest Shareholders, as at 13 March 2025) – cseglobal.listedcompany.com/misc/ar2024/196/
- CSE Global Limited, Annual Report 2024, Substantial Shareholders disclosure – cseglobal.listedcompany.com/misc/ar2024/198/
- The Edge Singapore, “Lead independent director of CSE Global resigns due to differing views on working with controlling shareholders”, June 2026 – theedgesingapore.com
- CaproAsia, “CSE Global Board Dispute”, June 2026 – caproasia.com
Registry feed — rows exactly as filed with Accounting and Corporate Regulatory Authority (ACRA), including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Fidelity Low-Priced Stock Fund | 60.5% | Accounting and Corporate Regulatory Authority (ACRA) | |
| American Century ETF Trust-Avantis International Small Cap Value ETF | 6.4% | Accounting and Corporate Regulatory Authority (ACRA) | |
| DFA Asia Pacific Small Company Series | 4% | Accounting and Corporate Regulatory Authority (ACRA) | |
| Old Westbury Small & Mid Cap Strategies Fund | 0.4% | Accounting and Corporate Regulatory Authority (ACRA) | |
| DFA Investment Dimensions-DFA World Ex U.S. Targeted Value Port | 0.2% | Accounting and Corporate Regulatory Authority (ACRA) |
Officers
6
Directors and officers of CSE Global Limited
As at September 2026, CSE Global Limited’s board comprised eight directors following a series of changes made during 2025 and 2026. Eugene Paul Lai Chin Look serves as Non-Executive, Non-Independent Chairman, a role he assumed on 10 December 2025. Lim Boon Kheng is Group Managing Director and Chief Executive Officer, an Executive Director role he has held since 13 August 2013. The remaining directors are Ng Shin Ein and Wong Su Yen (both Non-Executive Independent Directors since 1 July 2020), Tang Wai Loong Kenneth (Non-Executive Independent Director since 29 April 2024), Ravinder Singh s/o Harchand Singh (Non-Executive, Non-Independent Director since 1 July 2025), Amitava Guharoy (Lead Independent Director and Chairman of the Audit and Risk Committee since 10 August 2026) and Leong Hon Foong (Independent Director; the date of his board appointment was not confirmed in the sources reviewed for this profile). One former director, Tan Chian Khong, resigned during the period covered by this review. The company’s Board of Directors profile is published in its FY2025 Annual Report; more recent appointments and resignations are drawn from subsequent company announcements.
Recent officer changes
- Tan Chian Khong resigned as Independent Non-Executive Director, Lead Independent Director, and Chairman of the Audit and Risk Committee and the Nominating Committee, effective 2 June 2026, after seven years on the board, citing differing views on working with the company’s controlling shareholder.
- Amitava Guharoy was appointed Lead Independent Director and Chairman of the Audit and Risk Committee, and joined the Nominating Committee, effective 10 August 2026.
- Lai Kuan Loong, Victor was appointed Company Secretary in place of Eunice Hooi Lai Fann, who resigned as Company Secretary effective 14 February 2025.
Data availability
Singapore’s corporate registry and CSE Global Limited’s SGX announcements disclose directors’ names, roles and appointment or resignation dates, but do not publish nationality or country of residence for any individual; these fields are therefore reported as not disclosed rather than assumed from name or address. Any correspondence address associated with an officer in the underlying registry data is the company’s registered office and must not be read as a personal or residential address. The registry snapshot of officers on file for this company had not, at its last recorded sync, been updated to reflect the February 2025 Company Secretary change or the June and August 2026 board changes described above, so it should be treated as a partial and potentially dated record rather than a complete, current officer list.
Sources
- CSE Global Limited, Annual Report 2025, Board of Directors – cseglobal.listedcompany.com/misc/ar2025/index.html
- The Edge Singapore, “Lead independent director of CSE Global resigns due to differing views on working with controlling shareholders”, June 2026
- The Edge Singapore, “CSE Global appoints Amitava Guharoy as lead independent director”, August 2026
- SGX corporate announcement, CSE Global Limited, “Reconstitution of NC”, links.sgx.com, June 2026
Registry feed — rows exactly as filed with Accounting and Corporate Regulatory Authority (ACRA), including entries the profile above does not cover.
Group Structure
Group structure of CSE Global Limited
CSE Global Limited is the ultimate holding company of its own corporate group; no corporate parent was identified in the sources reviewed for this profile. Its largest reported shareholding interest, held via Orchid 2 Investments Pte Ltd and Orchid 3 Investments VCC and controlled by Heliconia Capital Management Pte Ltd at approximately 23.79%, is a minority investment stake rather than majority corporate ownership, and is addressed as a shareholder relationship in the shareholders section of this profile rather than as a group-structure parent relationship. CSE Global Limited’s own consolidated financial statements describe a group of direct and indirect subsidiaries incorporated across multiple jurisdictions, including Singapore, Malaysia, Indonesia, Australia, New Zealand, the United Kingdom, the United States, Mexico, Taiwan and China, generally organised beneath regional or business-line holding companies such as CSE Global (Asia) Pte. Ltd. and CSE Global (Americas) Pte. Ltd., both incorporated in Singapore. The information below reflects a partial, verifiable subset of that structure rather than the group’s complete subsidiary register.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Logic Wireless Holdings Limited | New Zealand | Not disclosed in source reviewed | Direct or indirect subsidiary | 100% | Active | FY2025 Annual Report |
| Logic Wireless Holdings Pty Ltd | Australia | Not disclosed in source reviewed | Direct or indirect subsidiary | 100% | Active | FY2025 Annual Report |
| Logic Wireless Europe Limited | United Kingdom | Not disclosed in source reviewed | Direct or indirect subsidiary | 100% | Active | FY2025 Annual Report |
| Logic Wireless Limited | New Zealand | Not disclosed in source reviewed | Direct or indirect subsidiary | 100% | Active | FY2025 Annual Report |
| Logic Wireless Pty Ltd | Australia | Not disclosed in source reviewed | Direct or indirect subsidiary | 100% | Active | FY2025 Annual Report |
| CSE Global (Asia) Pte. Ltd. | Singapore | SG 199906491W | Direct subsidiary | Ownership percentage not disclosed | Active | September 2026 |
| CSE Global (Americas) Pte. Ltd. | Singapore | SG 201843078K | Direct subsidiary | Ownership percentage not disclosed | Active | September 2026 |
Recent structural changes
- CSE Global Limited’s FY2025 annual report refers to restructuring and liquidation activity affecting certain smaller group companies during 2025; the specific entities involved were not itemised in the source excerpt reviewed for this profile.
Data availability
Corporate-linkage information for CSE Global Limited is partial: its own annual report discloses full ownership percentages for at least some subsidiaries (such as the wholly owned Logic Wireless group) but does not, in the sections reviewed, provide a single complete list with ownership percentages for every group company. A separate, broader set of linked entities recorded in the site’s own registry-linkage data spans additional jurisdictions, including Mexico, Indonesia, Taiwan and China; these are consistent in name and country with CSE Global’s known regional operating structure but their individual ownership percentages and current status were not independently re-confirmed for this profile.
Sources
- CSE Global Limited, Annual Report 2025, Notes to the Financial Statements (subsidiaries) – cseglobal.listedcompany.com/misc/ar2025/148/
- Accounting and Corporate Regulatory Authority (ACRA), Singapore – company registry record – retrieved September 2026
Registry feed — rows exactly as filed with Accounting and Corporate Regulatory Authority (ACRA), including entries the profile above does not cover.
CSE GLOBAL LIMITED
Singapore
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Frequently Asked Questions
What does CSE Global Limited do?
CSE Global Limited is a Singapore-incorporated (UEN 198703851D) systems integrator that designs, engineers, installs and maintains electrification, communications and automation solutions for energy, utilities, infrastructure and industrial customers, operating through regional subsidiaries across around 14 countries.
Where is CSE Global Limited registered and what is its registration number?
CSE Global Limited is registered in Singapore with the Accounting and Corporate Regulatory Authority (ACRA) under UEN 198703851D.
When was CSE Global Limited incorporated?
CSE Global Limited was incorporated in Singapore on 2 November 1986, building on engineering-projects operations that began in 1985 within the Chartered Electronics Industries group, followed by a management buyout completed in January 1997.
What is CSE Global Limited's current registration status?
ACRA's registry records CSE Global Limited's status as live as of the most recent data sync. An active registry status reflects registration standing only and is not evidence of current trading activity or financial condition.
On which stock exchange is CSE Global Limited listed?
CSE Global Limited has been listed on the Singapore Exchange (SGX) since 1999, first on SESDAQ and, from 2000, on the SGX Mainboard, where its shares trade under the ticker code 544.
What was CSE Global Limited's revenue in its most recent financial year?
For the financial year ended 31 December 2025, CSE Global Limited reported consolidated group revenue of approximately S$968.9 million, up 12.5% year-on-year, and consolidated net profit of approximately S$37.5 million, per its FY2025 results announcement and annual report.
Who are CSE Global Limited's main disclosed shareholders?
Per its Annual Report 2024, CSE Global Limited's twenty largest shareholders as at 13 March 2025 held 65.97% of total shareholdings between them, led by Orchid 3 Investments VCC (13.84%), Orchid 2 Investments Pte Ltd (9.60%) and Citibank Nominees Singapore Pte Ltd (7.67%); this is a largest-shareholders disclosure rather than a complete share register.
Who is CSE Global Limited's largest or controlling shareholder?
Heliconia Capital Management Pte Ltd, which controls Orchid 2 Investments Pte Ltd and Orchid 3 Investments VCC, was reported in June 2026 to hold a combined interest of approximately 23.79% in CSE Global Limited, described in financial press coverage as its single largest and controlling shareholder.
Who is CSE Global Limited's Ultimate Beneficial Owner (UBO)?
No natural-person UBO is identified in the sources reviewed. CSE Global Limited's disclosed shareholders are corporate and nominee entities; its largest shareholder interest is controlled by Heliconia Capital Management Pte Ltd, reported to sit within the Temasek Holdings (Private) Limited group, but the full ownership chain and percentages were not confirmed for a calculated UBO figure.
How many shareholders does CSE Global Limited have?
CSE Global Limited has been reported as having around 5,441 registered shareholders, of which the twenty largest collectively hold 65.97% of total shareholdings as at 13 March 2025.
Who are the current Chairman and CEO of CSE Global Limited?
Eugene Paul Lai Chin Look has served as Non-Executive, Non-Independent Chairman since 10 December 2025, and Lim Boon Kheng has served as Group Managing Director and Chief Executive Officer since 13 August 2013.
Has CSE Global Limited's board changed recently?
Yes. Tan Chian Khong resigned as Lead Independent Director effective 2 June 2026 following differences over engagement with the company's controlling shareholder, and Amitava Guharoy was appointed Lead Independent Director and Audit and Risk Committee Chairman effective 10 August 2026.
Does CSE Global Limited have a parent company?
No corporate parent was identified for CSE Global Limited in the sources reviewed. It is itself the SGX Mainboard-listed, ultimate holding company of its group; its largest shareholder, Heliconia Capital Management Pte Ltd (via Orchid 2 and Orchid 3), holds a minority investment stake rather than a controlling corporate ownership position.
What subsidiaries does CSE Global Limited have?
CSE Global Limited's FY2025 annual report discloses wholly owned subsidiaries including the Logic Wireless group (New Zealand, Australia and United Kingdom entities), alongside regional holding companies such as CSE Global (Asia) Pte. Ltd. and CSE Global (Americas) Pte. Ltd. in Singapore; a complete subsidiary register with ownership percentages for every entity was not available in the sources reviewed.