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.

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.

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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."