CSF Group plc (“CSF Group” or the “Company”)
The Directors of CSF are pleased to provide the following update on the Group:
- The Group has been appointed by Integrated DC Builders SDN BHD (“IDCB”) as the Lead Mechanical and Electrical Services Contractor for the CX5 development project. The contract sum amounts to RM86.0 million (approximately £18.2 million). The detailed scope and schedule of works are being finalised between IDCB, the main contractor and the Group. The CX5 development will be Malaysia’s largest independent data centre at 201,000 net sq ft and construction is expected to commence in late July 2010.
- The Malaysian Employees’ Provident Fund (“EPF”) has appointed the Group to manage and maintain the data centre of the EPF located in Selangor, Malaysia for the period from 1 June 2010 to 31 May 2013 for total contract revenues of RM1,862,388 (approximately £386,000). This provides CSF with additional recurring maintenance revenues in line with its stated strategy of growing the recurring income nature of its business.
CSF will publish its results for the year ended 31 March 2010 on 21 July 2010.
For further information:
+603 8318 1313
Adrian Yong, Chief Executive
Leander (Financial PR)
+44 (0)7795 0168 157
Cenkos Securities plc (Nominated Adviser and Broker)
+44 (0)20 7397 8900
Ian Soanes or Elizabeth Bowman
Notes to Editors:
CSF Group (AIM: CSFG) is a leading provider of data centre facilities and services in South East Asia and the largest provider of data centre services in Malaysia with 35% market share. The Group was established in 1991 and has been involved in the build & fit out of over 200 data centres, including the largest data centre in South East Asia, CX2, at 157,000 net sq. ft. Although its primary focus is the design, development and operation of data centres it also develops data centres on behalf of third party customers. Its customer base comprises global blue chip IT, Telco and Industrial companies to whom it offers a range of highly flexible, scalable services.
The Group listed on AIM on 22 March 2010, raising £28m at 55pence per share which it is using to develop CX5, a 201,000 net sq.ft data centre in Cyberjaya, as well as expand its operations into Vietnam, Thailand and other underdeveloped South East Asian territories.
RNS Number: 1208O