CS Capital to acquire P735M CityState shares

By Earl John Alfaro

Sep 03, 2024 12:21 am

CITYSTATE Savings Bank Inc. said it had received notice that certain shareholders have entered into a share purchase agreement (SPA) with Singapore-based CS Capital Investment Pte. Ltd., an indirect wholly-owned subsidiary of CSC Holdings Ltd. (CSC).

In a disclosure to the Philippine Stock Exchange (PSE) on Monday, the bank said the entry of CSC 'establishes a strategic partnership between the controlling shareholders of the bank and CSC.'

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