CSF has big pay day
CSF, a provider of data services in South East Asia, said it had received a substantial fee for work on a data centre in the region.
CSF, a provider of data services in South East Asia, said it had received a substantial fee for work on a data centre in the region.
The firm said Integrated DC Builders, the developer of the 'CX5' data centre, had paid it 85m Malaysian ringgits (RM) - around £17.2m.
The money came from repayment of advances, the payment of a turnkey fee, and for the work CSF carried out.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm said following the payment its total cash balance was RM102m, about £20.6m, as at 4 September 2012.
"We are delighted to have received this substantial payment for our work on CX5, which is one of the most technically advanced data centres in the region," said Adrian Yong, Chief Executive of CSF.
"Our teams continue to market CX5 internationally and we continue to see high levels of demand across our core markets."
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published